Rystad Energy now estimates that repairing war-related damage to oil and gas infrastructure in Gulf states could cost about $58 billion, up sharply from its projection two weeks earlier, underscoring the deeper impact of U.S., Israeli, and Iranian hostilities than futures pricing implies for Oil – Brent Crude and Natural Gas. International Energy Agency chief Fatih Birol said more than 80 regional facilities have been hit, raising questions about medium-term supply resilience even as headline prices remain relatively contained.
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Over the past month, Oil – Brent Crude has slipped about 3.85%, reflecting a market that appears more focused on demand signals and macro data than on escalating infrastructure losses, while its 1-day technical stance currently points to a cautious Buy bias. Natural Gas has fallen roughly 12.46% over the same period, with a short-term Sell indication highlighting persistent bearish momentum despite the physical damage in key producing areas.
Investors can explore more updates, prices, and analysis across global markets at Commodities.