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The energy implications of events in the Middle East
…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 the first two months of 2026, and depleted storage coming out…
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The Strait of Hormuz and global LNG supply
…in some countries.
In Asia, the benchmark LNG price more than doubled in the first two trading days following the start of the conflict, while the European natural gas benchmark shot up by around 70%. Prices have eased somewhat from those initial highs, but they remain volatile and well above their pre-conflict levels.
Before the outbreak of the conflict, global natural gas markets had been gradually rebalancing https://www.iea.org/reports/gas-market-report-q1-2026 following the major shock from Russia’s invasion of Ukraine in February 2022. A wave of new LNG capacity https://www.i...
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IEA responding to major global energy security threat
…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 natural gas supply than during the 2022 energy crisis linked to Russia’s invasion of Ukraine.
In response…
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How the Middle East war has upended oil markets
…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 have also released a new Everything Energy podcast episode https://www.iea.org/news/new-podcast-episode-examines-mounting-disruptions-in-oil-markets in which IEA analysts talk through what they see happening in oil markets at the moment.
Assessing energy and economic impacts of Middle East war with world leaders
As we continue to work closely with gover...
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Supporting countries in the unfolding energy crisis
…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 Hormuz to a trickle. This has created what amounts to “the greatest threat to global energy security in history,” according to…
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A deepening crisis in oil markets and beyond
… a new podcast episode on the energy and AI relationship; and more.
Were you forwarded this newsletter? You can subscribe here https://www.iea.org/the-energy-mix.
Global oil stocks are depleting at a record pace as supply losses mount
More than ten weeks after the war in the Middle East began, mounting supply losses stemming from disruptions to shipping through the Strait of Hormuz are depleting global oil inventories at a record pace, according to our latest monthly Oil Market Report https://www.iea.org/reports/oil-market-report-may-2026.
With tanker flows through Hormuz still heavily…
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Oil exports through Strait of Hormuz rise
Plus, what the crisis means for Southeast Asia; Ministers meet to boost energy efficiency; G7 leaders call on IEA for critical minerals security; making LPG supplies more resilient; efforts to accelerate electrification; and more...
Newsletter of the International Energy Agency
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Welcome back to the Energy Mix. In today's edition: The latest developments in oil markets; the energy outlook for Southeast Asia; Ministers from around the world gather to discuss energy efficiency; G7 looks to IEA to help strengthen critical minerals security; decision makers around the world aim to accelerate electrification; vulnerabilities in…
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Contending with the effects of the energy crisis
Plus, meeting with Germany's Chancellor in Berlin; supporting consumers during the crisis; disruptions in natural gas markets; new data on the energy sector in 2025; hosting leaders to discuss COP31 priorities; and more ...
Newsletter of the International Energy Agency
Click here [Weblink] to view in your browser
Welcome back to the Energy Mix. In today's edition: Our Executive Director meets with the German Chancellor in Berlin; how governments can best support consumers during the energy crisis; the Middle East crisis is changing the outlook for natural gas; data and analysis on key global energy trends in 2025; a new…
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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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What’s driving the surge in energy jobs?
Diving into the latest data on energy sector employment trends 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 energy employment trends.
Were you forwarded this email? You can subscribe here. https://www.iea.org/energy-snapshot
Around the world, the energy industry serves as an important engine of job creation.
According to the latest edition of our World Energy Employment https://www.iea.org/reports/world-energy-employment-2025 report, 76…