The war in Iran isn’t about oil, it’s about sulphur…

MUSCAT, OMAN - MARCH 23: A bulk carrier sits anchored as families gather on the last day of Eid at Sultan Qaboos Port on March 23, 2026 in Muscat, Oman. President Donald Trump had threatened to attack Iran's energy infrastructure if it did not end its de facto blockade of the Strait of Hormuz by just before midnight GMT of March 23. A subsequent statement from President Trump said the U.S. and Iran had held "very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East," and that he would postpone any attacks on Iranian energy infrastructure for five days. Maritime traffic through the strait, which conveys about 20% of the world's oil and gas, has mostly come to a halt after the joint U.S.-Israeli war with Iran that began on February 28. (Photo by Elke Scholiers/Getty Images)

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