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Oil exports through Strait of Hormuz rise
…www.iea.org/the-energy-mix.
Oil exports through the Strait of Hormuz rise – but significant risks remain
Oil prices have eased substantially in recent weeks on signs that fuel exports through the Strait of Hormuz have started to recover – underpinned by the interim agreement between the United States and Iran in mid-June seeking to reopen the Strait and to lay the foundations for a lasting peace.
A full recovery will nevertheless take time, according to our latest monthly Oil Market Report. https://www.iea.org/reports/oil-market-report-june-2026 Mines must be cleared from shipping lanes…
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A deepening crisis in oil markets and beyond
…the steepest losses are concentrated in the petrochemical sector, where feedstock availability is becoming increasingly constrained. Aviation activity is also running well below normal levels. The report sees higher prices, a deteriorating economic environment and demand-saving measures further weighing on global oil consumption in the months ahead.
Read the report https://www.iea.org/reports/oil-market-report-may-2026 and learn more about the energy crisis and the IEA's response, visit our dedicated topic page https://www.iea.org/topics/the-middle-east-and-global-energy-markets. We also launched a new interactive data tool https://www...
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How the Middle East war has upended oil markets
…earlier forecast, before the outbreak of hostilities, that global demand would grow by 850,000.
The report emphasises that, while the situation continues to evolve quickly, the resumption of regular flows through the Strait of Hormuz remains the single most important variable in easing the pressure on energy supplies, prices and the global economy. Even once the Strait reopens, it will take time for flows to normalise.
For more in-depth analysis of the situation in oil markets, read the full report https://www.iea.org/reports/oil-market-report-april-2026, which is freely available on our website. We…
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The Strait of Hormuz and global LNG supply
How the Middle East conflict is impacting natural gas markets worldwide
An International Energy Agency Newsletter
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Welcome back to Energy Snapshot, the International Energy Agency’s monthly newsletter focused on charts and data. In today’s edition, we look at how the Middle East conflict is affecting global LNG markets.
Were you forwarded this email? You can subscribe here. https://www.iea.org/energy-snapshot
The impacts of the Middle East conflict on oil markets https://www.iea.org/reports/oil-market-report-march-2026 have been in focus over the past week…
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The energy implications of events in the Middle East
…The disruption to oil flows through the Strait has forced some operators to start shutting in production. The region’s output of refined products has also been impacted.
Natural gas markets, meanwhile, have gradually rebalanced https://www.iea.org/reports/gas-market-report-q1-2026 in recent years following the major shock that followed Russia’s invasion of Ukraine in February 2022. A wave of new LNG capacity https://www.iea.org/data-and-statistics/data-tools/global-lng-capacity-tracker between now and the end of this decade is expected to transform market dynamics. But markets remained tight in…
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Supporting countries in the unfolding energy crisis
… our new Energy Technology Perspectives 2026 report; take our global energy employment survey; and more.
Were you forwarded this newsletter? You can subscribe here https://www.iea.org/the-energy-mix.
Working with leaders in Australia, Japan and beyond to navigate the unfolding energy crisis
The IEA working actively with governments around the world on the response to the widespread energy impacts of the conflict in the Middle East https://www.iea.org/topics/the-middle-east-and-global-energy-markets.
The war in the region that began on 28 February has reduced energy trade flows through the Strait of…
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How the crisis is reshaping energy investment
…2 trillion is set to be invested in oil, natural gas and coal.
Despite higher oil prices, oil investment is expected to decline for a third consecutive year in 2026. The report finds that uncertainty over the duration of the price spike, long project lead times, supply chain constraints and tighter offshore rig markets are limiting near-term spending responses outside the Middle East. At the same time, natural gas investment is projected to rise to the highest level in a decade, supported by a wave of new LNG export projects.
The report finds growing interest among fuel-importing countries…
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Tackling rare earth supply risks
New data shows supply chains for rare earths are particularly geographically concentrated
An International Energy Agency Newsletter
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Welcome back to Energy Snapshot, the International Energy Agency’s monthly newsletter focused on charts and data. In today’s edition, we look at supply chains for rare earth elements.
Were you forwarded this email? You can subscribe here. https://www.iea.org/energy-snapshot
In recent years, the IEA has repeatedly emphasised the energy security risks linked to the supply of critical minerals, which are vital for modern energy systems, transport and advanced manufacturing.
But…
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IEA responding to major global energy security threat
…www.iea.org/topics/the-middle-east-and-global-energy-markets. The disruptions to oil and gas flows and to energy infrastructure in the region have major implications for energy security and affordability – and for the world economy.
The war in the region that began on 28 February has shrunk energy trade flows through the Strait of Hormuz to a trickle, creating what our Executive Director Fatih Birol has described as “the greatest threat to global energy security in history”, with a larger loss of oil supply than in the oil crises of the 1970s and a larger loss of…
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What’s driving the surge in energy jobs?
…driver of this trend, complemented by rapid hiring in grids and energy storage as the Age of Electricity https://www.iea.org/newsletters/energy-snapshot/17-11-2025/the-age-of-electricity-is-here takes hold. Meanwhile, employment in fossil fuel industries also remained resilient in 2024 – with the oil and gas supply sector now having recovered most of the jobs lost during the Covid crisis in 2020.
Despite the strength of recent job creation across the energy sector, there are vulnerabilities, with companies reporting deepening shortages of skilled labour.
Out of 700 energy-related companies, unions and training institutions…