Markets

The Middle East conflict and subsequent blockades have driven three distinct trends: increased long-term upstream exploration spending, localized reinvestment in high-yield well interventions, and the revitalized development of secure frontiers like Alaska and Africa.

The global energy market experienced severe volatility as the US-Iran conflict entered its eleventh week.

The oil markets are entering the coming week under immense structural pressure as the temporary cushions that kept prices contained begin to vanish.

The escalation of the Middle East conflict in late Feb. 2026 has triggered a critical global jet fuel supply crisis, placing historic operational strain on international air travel, particularly across Europe and Asia.

The prolonged closure of the Strait of Hormuz following the outbreak of the Iran war on Feb. 28, has pushed the global oil market into a critical supply deficit.

The monthslong closure of the Strait of Hormuz following the Feb. 28 Iran conflict has sparked a dramatic US Gulf Coast logistics boom, fueling record oil exports and leaving local refineries running hard on imported Venezuelan crude.

The prolonged closure of the Strait of Hormuz following the Feb. 28 Middle East conflict has fundamentally altered international energy security, turning Canadian crude into a highly coveted alternative.

The prolonged closure of the Strait of Hormuz following the Feb. 28 Middle East conflict has forced the UK to completely overhaul its sovereign energy policy.

In response to the Strait of Hormuz crisis and a desire to unlock unconstrained production potential, the UAE has executed a dramatic geopolitical and structural realignment.

With 20% of global daily supplies choked at the strait, major Asian demand centers—China, Japan, and India—are executing aggressive defensive maneuvers to counter severe Middle Eastern deficits.