12:14 - 28.09.2026

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September 28, Fineko/abc.az. The global energy market faces the threat of a major oil crisis due to escalating tensions in the Persian Gulf.

According to Bloomberg analysts, further military and political escalation could trigger a sharp spike in international prices for crude oil, gasoline, and diesel fuel, while some nations may experience acute fuel shortages.

Reports indicate that the United States is evaluating the possibility of resuming strikes against Iranian targets following the midterm elections in November.

In response to the deteriorating situation, G7 countries are preparing for emergency discussions aimed at mitigating risks and preventing severe disruptions to global fuel supplies.