Markets

The Saudi Arabian transition to a Yanbu-only export model, specifically prioritizing Arab Light crude, has fundamentally altered refinery economics across Asia.

With over 7 MM b/d of crude and 12 MM boe/d of total energy offline in the Middle East, the global market, particularly in Asia-Pacific, faces a historic deficit of

The blockage in the Strait of Hormuz in Mar. has forced Europe into a defensive crouch as it battles two simultaneous energy crises.

As of Mar., the global energy market has been radically restructured by the US-Israel-Iran war and the

The

The

The de facto closure of the Strait of Hormuz following US-Israeli strikes on Iran has triggered a systemic realignment of the US energy sector.

The March 2026 Middle East crisis has transformed the Strait of Hormuz into a

The Mar. 2026 Middle East crisis has paralyzed the Strait of Hormuz, jeopardizing roughly 20% of global oil and 20% of LNG supply.

As US-Iran tensions approach a critical threshold, Middle Eastern energy giants are fundamentally altering global supply patterns to mitigate the risk of a regional military strike.