The conflict in the Middle East has paralyzed the U.S. oil and gas market
22 March 20:03
Military action against Iran has brought deal-making in the U.S. oil and gas sector to a standstill after a strong start to the year.
This is reported by the Financial Times, according to "Komersant Ukrainian".
As the publication notes, volatile oil prices are complicating the assessment of transactions.
“Negotiations in the oil and gas sector have slowed down or been suspended as companies wait for markets to calm down and oil prices to stabilize,” the article states.
According to a representative of a law firm specializing in mergers and acquisitions in the oil and gas sector, “everything is currently at a standstill because no one can determine a price for anything.”
Three weeks after the start of full-scale conflict between the U.S. and Iran, the Strait of Hormuz—through which up to 25% of global maritime oil traffic passes—remains closed, despite all initiatives and promises from the White House.
Iranian coastal missile systems, numerous drones, and sea mines are preventing U.S. military ships from escorting tankers through this narrow passage. To unblock the strait, the U.S. may be forced to land marines on Iranian territory, and such forces are already heading toward the conflict zone.
