Daily Mail: How We’re Just Four Months From Armageddon If Iran’s Oil War Doesn’t End: Bread Riots. Starvation. Flights And Cars Banned. In A Chilling Investigation, Ross Clark Reveals Precisely How The Nightmare Will Unfold – Daily Mail X
Daily Mail: How We’re Just Four Months From Armageddon If Iran’s Oil War Doesn’t End: Bread Riots. Starvation. Flights And Cars Banned. In A Chilling Investigation, Ross Clark Reveals Precisely How The Nightmare Will Unfold
Blackouts. Economic paralysis. Empty supermarket shelves. Petrol and diesel rationing. Riots. As oil prices soar to unprecedented highs, Britain is on the brink of the worst energy crisis in our history.
The International Energy Agency has already described it as the worst-ever crisis to hit the world oil market. And experts across the political spectrum are warning this is just the beginning.
Prices have already passed $100 a barrel but Iran yesterday threatened to wage ‘full scale economic war’ by attacking major energy facilities across Saudi Arabia, the United Arab Emirates and Qatar in response to a missile strike on one of its major gas facilities by American and Israeli forces.
The Iranian goal is to send prices soaring to $200 per barrel. After the Russian invasion of Ukraine when the price reached $120, international panic followed as Europe feared shutdowns across the continent.
Oil is the lifeblood of the global economy. If it stops flowing, the inevitable effect is no different from what happens to the human body when it haemorrhages – dizziness, collapse, cardiac arrest and death.
The world’s stock markets are dependent on oil. So are international food supplies and most forms of transport. Without it, we can’t produce the electricity we need or heat our homes.
Simply talking about oil prices doubling, or hitting an arbitrary high of $200 a barrel, cannot convey the scale of the looming crisis.
Here, with predictions drawing on a range of warnings from experts, we map out what could happen if, by continuing to block the Strait of Hormuz, and wider disruption to oil production in the Middle East, Iran chokes energy exports to the West.
We have worked on the basis that the Government will be able to maintain some kind of control throughout. In reality, even that assumption might be too optimistic. Unless politicians can keep a grip, the chaos ahead could be too appalling to contemplate.
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