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.

Energy markets underwent a tumultuous week as the geopolitical landscape shifted between extreme supply fears and diplomatic breakthroughs.

Energy markets are entering the new week in a state of renewed chaos.

The US energy sector reached a historic inflection point during the week of Apr. 13–17, as the

As the Middle East crisis continues to disrupt the Strait of Hormuz—a chokepoint handling roughly 20% of global oil flows—Latin America has emerged as a critical safe-haven for energy diversification.

The seven-week closure of the Strait of Hormuz has triggered a systemic fuel crisis across the Eastern Hemisphere.

At present, the global energy landscape remains defined by the devastating aftermath of the Iran war.

International oil companies (IOCs) are accelerating geographic diversification into the last frontier, African basins, as a strategic hedge against global geopolitical volatility.

As the Middle East conflict restricts approximately 20% of global crude and LNG flows, Asian refiners—who receive 83% of shipments passing through the Strait of Hormuz—are aggressively redrawing the global trade map.

The closure of the Strait of Hormuz has evolved beyond a crude oil disruption into the most severe petrochemical (PC) supply shock in history.