The Energy Shock Era: How Israel-USA Led Iran War Is Rewiring the Global Economy
By Getinet Babu The world is not simply witnessing another geopolitical conflict—it is entering a new economic era defined by energy instability, supply chain disruption, and systemic fragility. what is unfolding across the Gulf, involving Iran, Israel and the United States, is no longer a contained regional crisis. It represents a structural shock to the global energy system, the very foundation upon which modern economies are built. Energy is not just another sector; it is the bloodstream of global production, transportation and food systems. When it is disrupted, the consequences cascade across every layer of the global economy. A System Under Stress Recent strikes on critical energy infrastructure, including gas fields and export facilities, have intensified fears of prolonged supply disruptions. Oil prices have already surged beyond $100 per barrel, with volatility becoming a defining feature of the market rather than an exception (Reuters, 2026). This price beh...