economy

March 23, 2026

Head of Oil Giant: If the War Lasts Longer Than Six Months, All World Economies Will Suffer

The CEO of the French oil giant TotalEnergies, Patrick Pouyanné, warned that a prolonged war between the US and Israel against Iran could have serious consequences for the global economy.

Head of Oil Giant: If the War Lasts Longer Than Six Months, All World Economies Will Suffer

TL;DR

  • A prolonged war between the US and Israel against Iran could have serious consequences for the global economy.
  • The global market can cope with a conflict lasting three to four months due to existing supplies.
  • The Strait of Hormuz, a crucial route for oil and gas exports, is effectively blocked, with about 10 million barrels of oil per day stranded.
  • If the conflict lasts longer than six months, significant global economic consequences are expected.
  • TotalEnergies is a major global energy company with operations in oil, gas, LNG, renewables, and electricity production.
  • Disruptions in the Strait of Hormuz could further drive up energy prices and pressure industries, transportation, and households worldwide.

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