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Oil and gas markets respond to the conflict in the Persian Gulf

Oil and gas markets respond to the conflict in the Persian Gulf
Riley Callanan
By Riley CallananMarch 03, 2026
Riley Callanan

Riley is a writer and reporter for GZERO. When she isn’t writing about global politics, you can find her making GZERO’s crossword puzzles, conducting research on American politics, or persisting in her lifelong quest to learn French. Riley spends her time outside of work grilling, dancing, and wearing many hats (both literally and figuratively).

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The conflict in the Persian Gulf is already disrupting shipping in one of the most significant oil and gas-producing regions in the world. Tanker traffic in the Strait of Hormuz has all but ground to a halt, and major oil and LNG facilities in Qatar, Saudi Arabia, and the United Arab Emirates have been disrupted. Meanwhile, oil and gas prices are spiking as concerns grow over how long the conflict could last.

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