Following joint US and Israeli strikes on Iran, global energy markets have seen massive price surges, even as Iranian channels report the country continues to export millions of barrels of oil daily.
Following the mid-March explosions in western Tehran attributed to joint US and Israeli strikes, global energy markets are experiencing heavy volatility. A report shared by حامیان پزشکیان (Pezeshkian Supporters, a channel aligned with the Iranian administration) citing Al Jazeera outlines the "clear blows" of the Iran-US war on the global economy. Crude oil prices have increased by approximately 50% since the joint attacks commenced. Additionally, natural gas prices across Europe spiked by more than 60% in March, and retail petrol prices have risen in at least 95 countries, with further hikes anticipated as monthly price caps reset.
The ongoing conflict has significantly disrupted maritime trade routes. The Pezeshkian Supporters channel reports that shipping companies have halted passage through the Strait of Hormuz following the attacks, effectively freezing a critical bottleneck that handles about one-quarter of the world's maritime oil trade.
Despite these regional disruptions and military escalations, Iranian sources heavily emphasize the country's continued economic resilience and uninterrupted petroleum output. According to خبرفوری جنگ🚨اخبارفوری امریکا فوری (Breaking War News, a channel dedicated to military and geopolitical developments), citing data from the Financial Times, Iran continues to generate $140 million in daily revenue "under the shadow of war." The channel notes that at least 13 supertankers have loaded oil at Iran's main export terminal on Kharg Island since the US and Israeli strikes began. Energy data analysts estimate Iran is currently loading 1.5 to 1.6 million barrels daily, and roughly 24 million barrels of Iranian oil have successfully transited the Strait of Hormuz during this period.
There is a slight narrative contradiction between the two sources regarding the Strait of Hormuz: while the Al Jazeera report claims shipping companies have halted passage through the strait, the Financial Times data highlights that 24 million barrels of Iranian oil recently transited the same waterway. Both sources frame the situation to highlight the negative global economic fallout of the US/Israeli attacks while underscoring Iran's ongoing economic resilience.