Iran Attack Highlights Gulf Infrastructure Risk Iran attack Kuwait desalination power plant damage: As the two sides exchanged taunts, an Iranian attack on Friday hit a water desalination and power plant in Kuwait, a major U.S. ally in the region, causing material damage to parts of the facility, Kuwait’s electricity and water ministry said. The …
Tag: global energy markets volatility
Energy Briefs: Strait of Hormuz Crisis Hits Markets
Strait of Hormuz Crisis Shakes Global Energy Supply Iran Threatens Full Closure of Key Oil Route Iran said the Strait of Hormuz, crucial to oil exports and global energy flows, would be “completely closed” immediately if the U.S. follows up on President Donald Trump’s threat to attack its power plants. Trump late Saturday set a …
Energy Briefs: Hormuz Crisis, Oil Shifts Worldwide
March 26, 2026
Strait of Hormuz Remains Effectively Closed After President Donald Trump backed off his threat to “obliterate” Iran’s energy infrastructure if it refused to reopen the Strait of Hormuz, the vital shipping lane remains effectively closed to vessels not granted explicit permission by Tehran. The strait handles roughly 20% of global oil supply, making disruptions a …
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