The global winners and losers of the war in Iran

BBC News - WorldCenterEN 5 min read 100% complete March 20, 2026 at 01:08 AM

AI Summary

long article 5 min

The war in Iran and the disruption of Middle Eastern oil supplies via the Strait of Hormuz are creating uneven economic consequences globally. While Gulf oil producers like Qatar and Saudi Arabia face challenges, countries with alternative energy sources, such as Norway, Canada, and Russia, stand to benefit from rising oil and gas prices. Canada is positioning itself as a reliable energy producer. Russia could see a significant increase in fuel-related revenues. Conversely, the US, UK, and Europe are among those likely to be negatively impacted by rising energy costs. Some countries may increase their use of coal, benefiting exporters like Indonesia.

Key Entities & Roles

Key Player Opposition Context

Pakistan 40% Yorkshire 40% Ukraine 50% Saudi Arabia 60% Qatar 60% Tim Hodgson ×260% Russia ×270% Norway ×270% Canada ×370% Middle East ×280% Strait of Hormuz ×280% Iran 90%

Keywords

middle east conflict 90% oil prices 80% energy market 70% economic disruption 70% oil producers 60% strait of hormuz 60% canada 50% russia 50% norway 50% fuel revenues 40%