The conflict spreading across the Middle East has begun affecting countries far beyond the region. In just a few weeks, rising tensions between the United States, Israel and Iran have triggered fears of an energy crisis, disrupted supply chains and pushed oil markets into uncertainty. Many analysts believe the conflict is not just about military confrontation, but also about control over global energy routes and markets.
At the centre of this debate is former US president Donald Trump, whose policies and strategic goals in the region have long focused on maintaining American dominance in global energy systems. According to several observers, the conflict could reshape the global energy order and influence how oil and gas are produced, transported and traded.
Iran-Israel-US war shakes the Middle East and global markets
Over the past two weeks, the Middle East has been witnessing escalating military tensions. Iran has launched drone and missile attacks targeting Israel, including strikes near Tel Aviv. At the same time, the United States has claimed it destroyed Iranian military facilities on Kharg Island, which is considered a vital hub for Iran’s oil exports.
The situation has triggered widespread concern in global markets because the region is home to some of the world’s most important energy routes. The strategic waterway known as the Strait of Hormuz carries roughly 20 percent of the world’s crude oil supply. Any disruption there can quickly push energy prices higher and affect supply chains worldwide.
Reports of attacks near major energy infrastructure, including the Fujairah Port in the UAE, have further intensified concerns about the stability of the global energy network.
Impact on India and other Asian economies
The ripple effects of the conflict are already being felt in several countries, including India. India imports more than 80 percent of its crude oil, and a significant portion of its LPG supply travels through the Strait of Hormuz.
Because of disruptions and fears surrounding the shipping route, some Indian cities have begun reporting shortages of LPG cylinders. Restaurants in certain areas are facing difficulties operating due to rising fuel costs, while small food vendors have increased prices of everyday items such as tea and snacks.
The crisis is also causing concern in Gulf nations. Residents in cities like Dubai have expressed anxiety about missile threats, while businesses across the region worry about potential disruption to trade and energy supply routes.
Oil, geopolitics and the global power struggle
Energy resources have long played a decisive role in shaping global politics. For decades, the United States has tried to maintain influence over energy markets and supply chains, while oil-producing nations coordinate production through groups such as OPEC.
In recent years, new factors have complicated this balance. Countries such as China and India have emerged as the world’s largest energy consumers, while renewable energy sources like solar and wind are gaining importance.
Some analysts believe that weakening Iran could reduce China’s influence in the Middle East and help the United States maintain strategic control over key shipping routes and energy flows. Iran, on the other hand, has used its oil wealth for decades to strengthen regional allies and armed groups, challenging Western influence in the region.
As the conflict continues, one thing is clear: wars in the Middle East rarely remain limited to the region. From rising fuel prices to supply shortages, the consequences are felt across the world. And in many cases, it is ordinary people who ultimately bear the economic cost of these geopolitical battles.
