WSP Global & Iran

WSP Global: WSP Global conducts the purchasing managers' surveys that highlight the growing economic strains from the Iran war, providing key data for market analysis.

Iran: Iran is a central party in the conflict, facing a naval blockade and economic sanctions from the United States. Its actions, including restricting the Strait of Hormuz, have caused major disruptions to global oil and gas supplies and its economy is being destroyed by the blockade.

WSP Global: WSP Global is mentioned through its power analyst, Andre Lambine, who commented on the increasing switch to coal.

Iran: The Iran war and its retaliation to US-Israeli attacks disrupted 17% of LNG export capacity in Qatar, leading to higher LNG prices and a shift to coal in Asian markets.

WSP Global: WSP Global's director of global fuel retail, Rob Smith, provides expert commentary on the dynamics of crude oil and gasoline prices.

Iran: Iran's actions in the Strait of Hormuz have effectively shut down a critical oil passage, leading to a global energy crisis and increased oil and gasoline prices. The United States has also blocked Iranian ports to stop its oil exports, further impacting Iran's economy.