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How the Iran war oil and gas supply shock compares with past disruptions

Posted on April 22, 2026
By Business News Today
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1 min read

How the Iran war oil and gas supply shock compares with past disruptions

A major oil supply disruption is underway due to the US-Israeli war with Iran and the closure of the Strait of Hormuz. This event is the worst energy crisis the world has faced, impacting crude, natural gas and refined fuel supplies. The disruption's scale is unprecedented in daily output lost, surpassing past energy shocks.