What Mr. Trump’s statement did was to narrow U.S. targets to exclude power plants and energy infrastructure to calm jittery markets. That disagreement may have been enough to send him to Mr. Trump’s doghouse. Markets are pricing expectations – above all, that Mr. Trump will pull back quickly from confronting Iran. Columbia University’s Jason Bordoff argues that the lesson of this crisis is not just to use less fossil fuel, but to rely less on global energy markets altogether. Sir Keir has warned that the conflict may endure.

Source: The Guardian March 27, 2026 13:01 UTC