This is an entry from: Live: Israel says it will control bridges and area south of Lebanon’s Litani River
Iran war impact could exceed Ukraine conflict, executive warns
24 March 2026 00:42 GMT
The impact of the U.S.-Israeli war on Iran could surpass the effects of Russia’s 2022 invasion of Ukraine, the top executive of Austrian energy firm OMV said.
Alfred Stern told Reuters the current crisis is removing energy supplies from global markets rather than simply redirecting them.
“The Middle East crisis now is really a physical disruption of the supply chain,” Stern said.
“This is more significant, but of course, the key variable… is how long will it take?” He added that the economic effects are already being felt in lower-income countries.