The scale of destruction inflicted on energy infrastructure across the Gulf has begun to crystallize into a sobering economic reality. According to a recent report by Rystad Energy, total war-related damage may reach as high as $58 billion, with oil and gas facilities accounting for up to $50 billion of that figure.
This crisis differs fundamentally from previous oil shocks. Christopher Weafer, chief executive of Macro-Advisory, argues that the global system lacks the spare production capacity that historically cushioned such disruptions.
