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Tehran Vows to Destroy Key Infrastructure After Trump’s Power Plant Threat – The New York Times

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Iran War Live Updates: Tehran Vows to Destroy Key Infrastructure After Trump’s Power Plant Threat – The New York Times

President Trump said that he would “obliterate” Iran’s electricity plants if it did not open the Strait of Hormuz within 48 hours. Iran dismissed the ultimatum as its missiles hit southern Israel, including near the country’s main nuclear research center.

Where Oil and Gas Sites Have Been Attacked During Iran War – The New York Times

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Where Oil and Gas Sites Have Been Attacked During Iran War – The New York Times

At least 39 energy oil refineries, natural gas fields and other energy sites in nine countries have been damaged since the United States and Israel began bombarding Iran, a New York Times analysis found. Some have been struck by drones. Several have been hit more than once.

As the attacks escalate, both sides increasingly view energy as a potent target — one that is capable of inflicting severe economic pain. Iran depends on oil and natural gas to keep the lights on and its government running, while the United States wants to prevent prices from soaring further and damaging the underpinnings of the global order.

From Four-Day Weeks to AC Bans, the World Is Scrambling to Save Energy – WSJ

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From Four-Day Weeks to AC Bans, the World Is Scrambling to Save Energy – WSJ

Governments around the world are pressuring consumers to reduce energy use in one of the broadest efforts to alter fuel-consumption habits since the 1970s, as the Iran war drives oil-and-gas prices sharply higher.

The changes are being rolled out as a mix of voluntary acts, soft restrictions and incentives to cut demand. But the policies are multiplying and growing more constraining as the crisis continues.

The war has closed the Strait of Hormuz, which normally caters to about 20% of global oil consumption, causing the biggest supply shock in the history of the oil market, according to the International Energy Agency.

Exclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April – WSJ

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Exclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April – WSJ

Saudi Arabia’s oil officials are working frantically to project how high oil prices might go if the Iran war and its disruption of energy supplies doesn’t end soon—and they don’t like what they are seeing.

The base case, several oil officials in the Gulf’s biggest producer said, is that prices could soar past $180 a barrel if the disruptions persist until late April.

While that would sound like a bonanza for a kingdom still heavily leveraged to oil revenue, it is deeply concerning. Prices that high could push consumers into habits that slash their oil use—potentially for the long term—or trigger a recession that also hurts demand. They also would risk casting Saudi Arabia in the role of profiteer in a war it didn’t start.