How the US and Iran have left energy markets flying blind

Energy markets are jittery as the US-Iran standoff keeps everyone guessing. Oil topped $70/bbl again amid US naval posturing, winter US outages and Kazakh supply loss. Iran’s moves and threats raise risk of Gulf disruptions that could push prices much higher, though Opec spare capacity and China’s choices could cushion shocks. A deal would remove the premium, but Iran’s aging fields mean any production boost would be gradual. For now markets are stuck waiting - and that uncertainty alone is driving prices. https://www.thenationalnews.com/business/energy/2026/02/02/how-the-us-and-iran-have-left-energy-markets-flying-blind/