Iran has been central to the oil industry and geopolitics continuously for 118 years (from 1908 oil discovery to 2026), with every major Middle Eastern conflict involving Iran, making current events the continuation of a century-long strategic pattern rather than a novel crisis.
factualpending
Speaker
Daniel YerginEvidence Quote
“Oil was discovered in then Persia in Iran in 1908... it's like this war has been brewing for 47 years... Here it is today. We're in 2026 and it is still central.”
Source
Daniel Yergin Sees a 'Different World' Emerging After the Hormuz Crisis | Odd Lots— Bloomberg PodcastsCreated: 8/12/2026, 6:31:42 PM
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