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Global Oil Reserves Deplete as Iran War Escalates, Prices Surge

Global Oil Reserves Deplete as Iran War Escalates, Prices Surge

Just The News·31 July 2026

The prolonged war involving Iran, now compounded by attacks on U.S. forces and a Houthi blockade of the Red Sea, has drained global crude oil reserves used to cushion energy markets, pushing oil back toward $100 a barrel. This mirrors biblical warnings of "wars and rumors of wars" and economic distress preceding the end times, as widening Middle East conflict strains global resources and stability. Such turmoil echoes Christ's prophecy of nations in distress and perplexity in the last days.