Iran War and Energy: Ten Dangerous Linkages

Francis Perrin

No 2620, Policy briefs on Commodities & Energy from Policy Center for the New South

Abstract: The close relationship between energy and geopolitics is well established. The same holds true for several armed conflicts. In recent years, however, the conflict most closely intertwined with energy has been the 2026 Iran War, which began on February 28. A ceasefire has been in effect since April 8, and a Memorandum of Understanding (MoU) was signed by Iran and the United States on June 17. Nevertheless, as demonstrated by Iran's attacks on commercial vessels and recent U.S. strikes between July 6 and July 13—the date on which this Policy Brief was finalized, hostilities are far from over. This war is not associated with one form of energy, but with three: nuclear energy and hydrocarbons (oil and natural gas). The connections between the conflict and energy are numerous and diverse, as this Policy Brief will explain.

Date: 2026-07
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