How the big oil and gas CEOs think the Iran war supply disruption will play out

What: Big oil and gas CEOs predict a prolonged disruption to global oil and gas supplies due to the Iran war, with some anticipating a **30%** decline in production.
Why: They cite the complexity of replacing Iran's **4.5 million barrels per day** oil exports and the potential for a **3-month** lag in ramping up alternative supplies.
Signal: Oil prices are expected to surge, potentially reaching **$120 per barrel**, as the market reacts to the supply disruption.
Target: The CEOs are urging governments to take immediate action to mitigate the impact, including releasing strategic oil reserves and increasing domestic production.
Risk: A prolonged supply disruption could lead to a global economic downturn, with some estimates suggesting a **2%** decline in GDP.