Iran-US conflict: more to come?
With the US’s killing of top Iranian general Qassem Soleimani, the risk of attacks on Mena oil infrastructure is likely to increase
With the US’s killing of top Iranian general Qassem Soleimani, the risk of attacks on Mena oil infrastructure is likely to increase The Gulf region is wondering if Soleimani’s death and subsequent Iranian missile attacks on US bases in Iraq is the end of a chapter—or just the start. Despite US president Donald Trump’s more conciliatory remarks in early January, analysts still favour the pessimistic view. “Our base case is that Iran will continue to counter the US’ maximum pressure campaign on many fronts; one will be on oil and gas tankers and infrastructure, a second on the US presence in Iraq and a third which would be to go directly after US interests,” says Torbjorn Soltvedt, principal
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security






