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The Economic Times
The Economic Times

Middle East war damage to energy assets may cost up to $58 billion, research firm Rystad says

The Middle East conflict could saddle the region with as much as $58 billion in repair costs for energy-linked infrastructure, with oil and gas facilities alone accounting for up to $50 billion, according to a report by Rystad Energy.

The estimate marks a sharp increase from the research firm's initial $25 ‌billion projection ⁠three ⁠weeks ago, reflecting a broader scope of damage before an April 8 ceasefire between the U.S. and Iran.

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