Iran conflict drives heating oil spike, NE US reconsiders gas pipelines

Record heating oil prices in the US north-east, driven by the Iran war, are prompting a policy shift as the region reconsiders prior opposition to natural gas pipelines. The development marks a reversal of long-standing environmental stances under acute energy security pressure, with winter demand approaching. Uncertainty remains over the pace of any pipeline approvals and the duration of the conflict-driven price shock.