Markets

Geopolitical tensions reached a fever pitch this week as the vital Strait of Hormuz remained largely impassable due to a dual-sided blockade by the US and Iran.

As the global energy sector pivots into the final days of April, the illusion of a diplomatic

The expansion of the Iran conflict and the subsequent closure of the Strait of Hormuz in Feb. 2026 have paralyzed global aviation supply chains, forcing a desperate reorientation of energy logistics.

The escalation of conflict in the Middle East has decimated tanker traffic through the Strait of Hormuz, pushing global crude inventories toward record lows.

The US and Israeli offensive against Iran, initiated on Feb. 28, 2026, has triggered a historic redirection of global energy flows.

The landscape of South American energy is undergoing a radical shift following the Jan. 2026 US intervention in Venezuela and the resulting escalation of global oil prices.

The current energy crisis has exposed the operational limits of the North Sea, a vital non-OPEC supply hub.

The restoration of the Druzhba pipeline’s southern branch has signaled a critical shift in European energy politics, resolving a three-month deadlock that stalled billions in aid for Kyiv.

The closure of the Strait of Hormuz on Feb. 28, 2026, has triggered a severe energy squeeze across Asia, removing approximately 11 MM b/d of Middle Eastern production from global markets.

As the Iran war disrupted Middle East oil supplies and sent crude prices above $95/bbl, major oil companies posted a starkly divided financial picture in Q1 2026.