How could the U.S. strikes in Iran affect the world's oil supply?

Despite sanctions, Iran is one of the world's major oil producers, with much of its crude exported to China.

How could the U.S. strikes in Iran affect the world's oil supply?
The crude oil tanker, Sanan, is seen in coastal waters near Bandare Asaluyah, Iran, on January 27, 2026.

Despite sanctions, Iran is one of the world's major oil producers, with much of its crude exported to China.

(Image credit: SAM/Middle East Images)

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