Bangladesh, March 8 -- The ongoing war involving Iran is rapidly emerging as one of the most consequential geopolitical crises for global energy markets in recent years. What initially appeared to be a localized confrontation has begun to reverberate far beyond the battlefield, affecting oil flows, liquefied natural gas (LNG) supplies, global shipping routes, and energy investment decisions. As the conflict continues to escalate, analysts warn that the longer the war lasts, the greater the likelihood that its effects will fundamentally reshape the global energy system.

Energy markets have historically reacted sharply to geopolitical tensions in the Middle East, a region that produces and exports a significant share of the worlds oil and ...