How the big oil and gas CEOs think the Iran war supply disruption will play out

• Oil industry executives painted a grim picture of the Iran war supply disruption at S&P Global’s annual CERAWeek energy conference in Houston.
• They warned that the disruption is bigger than the markets understand and prices are unlikely to return to pre-war levels soon.
• The disruption to jet fuel, diesel and gasoline is even bigger. Shortages are rippling through Asia and will hit Europe by April, they said.
• Security experts said escalation of the war is likely. The conflict could break the Gulf Arab nations economies.

Source: https://www.cnbc.com/2026/03/28/iran-war-oil-companies-price-gas-diesel-strait-hormuz.html