Oil
The Iran war is deepening the US energy crisis. A bad winter is ahead | Mark Wolfe
CEII brief
The Guardian reported on 30 Oct 2026: The Iran war is deepening the US energy crisis. A bad winter is ahead | Mark Wolfe.
Read the full story on The GuardianCongress must act to ensure that families are able to heat their homes before the start of the season Heating oil may be the clearest warning yet of how the war in Iran is deepening the US’s energy affordability crisis.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
68.0% of Iran’s merchandise exports were fuels in 2023Countries in this story
Original reporting © The Guardian. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
