Iran War Uncertainty Weighs on Oil and Natural Gas Executives
Mounting uncertainty around a potential US-Israeli war with Iran is causing concerns among energy executives, according to the latest Federal Reserve Bank of Dallas energy survey. The survey found that oil and natural gas executives are weighing heavily on the prospect of conflict in the region.
The 'Iran wild card' has complicated projections for upstream activity growth, which has slowed down compared to previous estimates. As a result, energy executives forecast higher Henry Hub prices due to increased uncertainty and potential disruptions in global markets.