How the Iran War is Redrawing the Global Energy Landscape The ongoing conflict between the US, Israel, and Iran has sent shockwaves through the global energy market, causing a 20% reduction in oil and LNG flows at the critical Strait of Hormuz.
The immediate effects are being felt from gas rationing in Bangladesh to struggling American motorists, but the war's impact on the world's energy dynamics will be far more profound and lasting.
Global energy demand continues to rise with growing populations, increasing power demand by nearly 4% each year. This relentless growth drives the global energy market, even as players and strategies evolve.