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Middle East Conflict Threatens Global Energy Supply

Energy infrastructure damage across the Middle East threatens to constrain oil production, industry officials warned. Hunter Hunt, grandson of Texas oil baron H.L. Hunt, expressed concern about the impact on long-term production capacity. Russia's oil output is expected to remain flat as Ukraine intensifies drone strikes on energy infrastructure, further tightening global supplies. The dual supply pressures are reshaping logistics costs for shippers in the region. Shippers face elevated transportation expenses and weakening demand from Middle Eastern consumers. The IMF has cautioned that escalating geopolitical tensions pose recession risks to the global economy. Investors are rapidly reassessing country risk exposure in response to the crisis.