{"id":37546,"date":"2026-03-21T17:19:00","date_gmt":"2026-03-21T09:19:00","guid":{"rendered":"https:\/\/multimetro.hk\/plus\/2026\/03\/21\/iran-wars-energy-impact-forces-world-to-pay-up\/"},"modified":"2026-03-21T17:19:00","modified_gmt":"2026-03-21T09:19:00","slug":"iran-wars-energy-impact-forces-world-to-pay-up","status":"publish","type":"post","link":"https:\/\/multimetro.hk\/plus\/2026\/03\/21\/iran-wars-energy-impact-forces-world-to-pay-up\/","title":{"rendered":"Iran war&#8217;s energy impact forces world to pay up"},"content":{"rendered":"<p>The war in the Middle East has triggered a nightmare scenario for the global energy system, slashing so much supply that consumers around the world must both pay up big and lower consumption.<br \/>The effective closure of the Strait of Hormuz, a narrow channel along the Iranian coast, has stopped the passage of 20% of the world\u2019s oil and liquefied natural gas since the U.S. and Israel began airstrikes on Iran on February 28.<br \/>Meanwhile, ongoing strikes by Iran and Israel have targeted Middle East energy infrastructure, doing damage to gas fields, oil refineries, and terminals that industry representatives say will take years to repair.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The war in the Middle East has triggered a nightmare scenario for the global energy system, slashing so much supply that consumers around the world must both pay up big and lower consumption.The effective closure of the Strait of Hormuz, a narrow channel along the Iranian coast, has stopped the passage of 20% of the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-37546","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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