The war between the U.S., Israel and Iran has generated a massive need for repair and restoration work that will land squarely in the hands of the engineering and construction industry—but the task will impact projects and supply chains far outside the Persian Gulf. Damage to more than 80 oil and gas facilities across the region has produced a restoration cost estimate with a current ceiling of $58 billion, according to consultant Rystad Energy, with downstream refining and petrochemical assets carrying the heaviest share due to the scale and complexity of the destruction.  The contractors, fabrication yards and long-lead equipment needed to execute that work are the same ones already committed to a global wave of LNG, offshore and refining projects sanctioned since 2023. The estimated cost total is more than double what the firm announced in late March as the conflict continues. Read More Rystad Energy | April 2026 "Repair work does not create new capacity.…