Who Controls Oil Now? How Iran Is Reshaping Global Energy Markets
08 Apr 2026
Following the official announcement of a ceasefire on April 8, 2026 between the United States, Israel, and Iran, speculation has intensified about the future of global energy markets and fossil fuel dependence. While financial markets reacted immediately—with oil prices falling below $100 per barrel and European gas prices dropping sharply—the deeper implications of this geopolitical shift are only beginning to emerge.