The Wall Street Journal Edhe Nje Shtet Tjeter Perfshihet Ne Luften Kunder Iranit

Direct military conflict between UAE and Iran disrupts oil production and refining in the Persian Gulf. The attack on Lavan Island refinery threatens Iran's crude processing capacity, while Iranian retaliation against UAE and Kuwait risks further damage to regional energy infrastructure. This creates supply disruption risk for global oil markets, particularly for crude and refined products from the Middle East. The channel is supply_shortage and logistics (shipping security). Impact is region-specific (Persian Gulf) but with global price implications due to the region's share of oil output.