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Viewsroom

Iran strikes plunge globe back into energy chaos

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 5 March 2026

⏱️ 20 minutes

🧾️ Download transcript

Summary

Attacks launched by the United States and Israel led to immediate escalation, embroiling neighboring countries and imperiling key oil and gas shipping routes. In this week’s Viewsroom, Breakingviews columnists debate the lasting impact on the region and the world. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.6

The views expressed on this podcast are those of the participants, not of Rogers News.

0:38.9

The United States is engaged in another war in the Middle East, and like previous battles,

0:45.5

an exit looks elusive. President Donald Trump kicked off the conflict on Saturday,

0:51.2

launching coordinated strikes with Israeli Prime Minister Benjamin Netanyahu

0:55.0

and killing Iran's supreme leader Ayatollah Ali Hamenei.

1:00.0

Iran has retaliated by attacking U.S. bases in the Gulf and by launching rockets and drones

1:06.0

towards the United Arab Emirates, Qatar and Bahrain.

1:10.0

The conflict has disrupted production of oil and natural gas

1:13.6

and brought traffic through the narrow strait of Ormuse,

1:16.6

the key shipping lane south of Iran, to a halt.

1:19.6

Energy prices have soared, raising concerns

1:22.6

about a revival of inflation around the world.

1:25.6

A prolonged conflict could reshape oil and gas markets,

1:30.2

undermine the appeal of financial hubs in the Middle East, and potentially redraw geographic

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