How the spiraling Iran conflict could affect data centers and electricity costs

A commercial ship is viewed anchored off the coast of the United Arab Emirates, in the Strait of Hormuz, Dubai, on March 2nd, 2026. Increased maritime traffic led to a buildup of vessels waiting near Dubai, highlighting the strategic importance of the strait, which handles 20 percent of global energy trade. | Photo: Getty Images

Soon after the Trump administration launched its war on Iran, I called up Reed Blakemore, director of research and programs at the Atlantic Council Global Energy Center, to talk about the consequences.