Hunter Hunt, grandson of a Texas oil tycoon, warns that damage to Middle East energy facilities could lead to a decline in oil production over the next few years.

(1) Hunter Hunt, the grandson of Texas oil tycoon H.L. Hunt, is concerned that damage to energy infrastructure in the Middle East may lead to a decline in oil production in the coming years. (2) Hunt discussed several issues triggered by the Iran war, including the shutdown of oil production, damage to refineries, and the practical closure of the Strait of Hormuz—a waterway that once transported about one-fifth of the world’s crude oil. (3) “This is simply the nightmare that everyone least wants to see in their planning,” Hunt said on Wednesday. He rarely comments publicly and currently oversees the 91-year-old Hunt Oil Company, which operates globally, including in Yemen and the Iraqi Kurdistan region.