How the big oil and gas CEOs think the Iran war supply disruption will play out

Executives at S&P Global's CERAWeek warned that supply disruption from the Iran war is larger than markets appreciate and that oil prices are unlikely to return to pre-war levels soon. Expect sustained upside pressure and greater volatility in oil and commodity prices, which is supportive for producers but negative for consumers, inflation, and global growth prospects.

Analysis

Executives at S&P Global's CERAWeek warned that supply disruption from the Iran war is larger than markets appreciate and that oil prices are unlikely to return to pre-war levels soon. Expect sustained upside pressure and greater volatility in oil and commodity prices, which is supportive for producers but negative for consumers, inflation, and global growth prospects.