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Middle East Conflict Impact On Global EOEG Market
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Report summary
On 28 February 2026, the United States and Israel launched Operation Epic Fury on Iranian military and nuclear facilities, killing Supreme Leader Khamenei. Iran retaliated with widespread missile and drone attacks on Gulf energy infrastructure, effectively closing the Strait of Hormuz and triggering a regional energy crisis. As of 18 March, the blockade has entered its third week, disrupting 20% of global oil and LNG flows
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