""But attacks on South Pars and Iran's retaliation raise the risk that the conflict is shifting toward physical damage of production capacity.""
""The direct attacks on energy infrastructure illustrate the war's long-lasting consequences.""
""Productive capacity will be offline for an uncomfortably long time, meaning energy prices are likely to fall much slower than they rose.""
""Any fertilizer on the water can't get out. U.S. farmers who did not pre-order fertilizer might not get enough in time for spring planting.""
Logistics disruptions in oil markets have not yet led to true supply destruction. Recent attacks on South Pars and Iran's retaliation increase the risk of physical damage to production capacity. The blockage of the Strait of Hormuz has already affected global commodity flows, with significant damage to energy facilities in the Gulf. This has resulted in a loss of 17% of Qatar's natural gas export capacity, potentially sidelining nearly 13 million tons of liquefied natural gas annually for up to five years.
Read at Axios
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