Iran's Foreign Minister Seyed Abbas Araghchi cautioned that former U.S. President Donald Trump's recent threats could destabilize global energy markets and harm the world economy during a call with France's foreign minister on Monday, according to an Al Jazeera report. The warning comes amid heightened geopolitical tensions in the Middle East, a region responsible for nearly one-third of global oil production.
Analysts suggest Trump's statements, which reportedly include renewed sanctions proposals, could disrupt fragile supply chains still recovering from pandemic-era volatility. "Unilateral actions against Iran have historically triggered oil price spikes affecting both developed and developing economies," said energy economist Dr. Riya Patel, referencing the 2018-2020 sanctions period that saw Brent crude prices surge by 40%.
The Strait of Hormuz, through which 21 million barrels of oil pass daily, remains a critical flashpoint. While Araghchi did not explicitly mention maritime security concerns, regional observers note that 65% of Asia's energy imports transit through this waterway.
