Iran conflict disrupts global oil refining, energy crisis deepens

Reuters reported on 20 August 2026 that the Iran war had pushed global oil refining capacity to the brink, with analysts warning that diesel and gasoline prices would likely remain elevated for years. The energy disruption poses sustained economic consequences for consumers and markets worldwide.

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The Iran war energy crisis is just getting started

stream:bsky-jetstreamother40d ago wire ×2 kagi ↗

Just wait until your food costs double or even triple...then will you still vote GOP? www.reuters.com/commentary/r... The Iran war has pushed the global oil refining industry to the brink, signalling that diesel and gasoline prices may remain elevated for years. Deal or no deal, the global energy inflation shock is f...

21st August 2026 Today's Round-Up of Economic News • Climate and Economy

stream:bsky-jetstreamother39d ago kagi ↗

"The Iran war energy crisis is just getting started... diesel and gasoline prices may remain elevated for years." All the latest global socio #economiccollapse news here: climateandeconomy.com/2026/08/21/2... Huge thanks to August’s sponsor, who wishes to remain anonymous. At his request, I’m sharing a link to his brief but fascinating essay about Shakespeare’s The Tempest and the origins of Brita