Trump’s Iran Strikes Trigger Global Coal Revival As Oil Hits $150 And Gas Soars 300%

U.S. strikes on Iran have sent shockwaves through global energy markets. Brent crude oil has climbed to around $109 to $115 per barrel. That’s a 45 to 50 percent jump since the conflict began on February 28, 2026. The spike is rattling economies around the world.

The strikes are part of a broader pressure campaign. President Trump had threatened to hit key Iranian infrastructure. That included power plants, oil wells, and Kharg Island, a major oil export hub. It’s not fully clear yet which strikes have been carried out and which are still being threatened to push Iran toward a deal.

Oil markets reacted quickly to the uncertainty. Traders don’t like it when big oil-producing regions become war zones. Iran is one of the world’s major oil exporters. Any threat to its output sends prices higher fast.

Oil markets move fast when war enters the picture. Uncertainty is enough to send prices climbing.

Natural gas markets are also feeling the pressure. Reports confirm there are major disruptions to the world’s supply of both oil and natural gas. However, no confirmed data yet shows exactly how much gas prices have risen. Some reports have floated a figure of 300 percent, but that number hasn’t been independently verified.

The energy disruptions are pushing some countries to look at other fuel sources. Coal is one option that’s reportedly being discussed as a short-term alternative when oil and gas become too expensive or too hard to get. However, no confirmed global data yet shows a full-scale coal revival tied directly to these events.

It’s important to separate what’s confirmed from what’s still unfolding. Oil prices are up sharply. That part is confirmed. The exact scale of gas price increases and any coal market shifts are still being tracked by analysts and energy reporters. Adding to the financial complexity, Iran has been prepared to charge roughly $2 million per ship to pass through the Strait of Hormuz, creating a costly toll on countries that depend on that critical passage. Israel’s reported attack on the South Pars complex has drawn particular attention, though that specific claim has not been independently confirmed, as that facility serves as both a civilian energy lifeline and a critical source of export earnings for Iran.

The situation is changing fast. Global energy markets are watching every development closely. European nations, already working to reduce their dependence on Russian energy, now face a second major supply shock that could accelerate investments in US LNG exports as a more stable long-term alternative. Governments, businesses, and everyday people who rely on fuel are all feeling the effects. The full economic impact of the U.S. strikes on Iran is still being measured, and more data is expected in the coming days.

✅ Claims in this article were verified using AI-assisted fact-checking.