中东战争

There is no return to normal on oil any time soon

Even if the Iran war ends quickly, governments will need to prioritise security of supply

The writer is director of market intelligence and co-founder at Energy Aspects

After the wild swings in oil markets since the start of the Iran war, US President Donald Trump’s suggestion that the conflict will end soon has reignited hopes of more normal conditions in the not-too-distant future.

That seems far-fetched. We are in the midst of one of the biggest supply disruptions in the history of the energy market — an event the industry has feared for 40 years. And yet, now that it is here, no one seems prepared.

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