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The Middle East and Global Energy Markets
The IEA is responding to the energy market impacts of the conflict in the Middle East and continues to closely monitor the latest developments.The disruption to oil and gas flows through the Strait of Hormuz and attacks on energy infrastructure across the region have major implications for energy security and affordability – and for the world economy. The IEA's Executive Director has said the combined impacts amount to "the greatest threat to global energy security in history." The war in the region that began on 28 February has impeded energy trade flows through the Strait, creating the largest supply disruption in…
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Shane McDonagh
Energy Efficiency Policy Analyst –Transport.
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Christophe McGlade
Senior Counselor and Head of Energy Supply Unit. Christophe McGlade is the Head of the Energy Supply Unit and leads the energy supply and climate analysis for the World Energy Outlook series. He was a lead author for the recent IEA special reports on Net Zero by 2050: A roadmap for the global energy sector; Sustainable Recoveries; and the oil and gas industry in energy transitions.
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Uwe Remme
Head of Hydrogen and Alternative Fuels Unit.
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Daniel Crow
Energy Modeller - World Energy Outlook.
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China’s Official Energy Finance in Emerging and Developing Economies Case 2. Southern power grid’s acquisition of Enel Peru distribution assets
Project overview and impact Latin America’s power systems face a growing need to modernise their electricity networks as clean energy deployment accelerates. While the region has seen a 25% increase in clean energy investment since 2015, grid spending has not kept pace, with less than USD 0.5 invested in networks and storage for every dollar spent on new generation. Strengthening distribution systems, especially in rapidly expanding urban areas, is essential to integrate more renewables. Peru is no exception. Although its electricity demand has grown steadily, network modernisation has lagged behind regional leaders, and the expansion of renewable capacity…
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2026 Energy Crisis Policy Response Tracker
Explore government actions to conserve energy and support consumers in response to the energy market impacts of the conflict in the Middle East
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Pierpaolo Cazzola
Former Senior Energy and Transport analyst.
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Energy Efficiency Policy Toolkit Small and Medium Enterprises
Small and Medium Enterprises
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Sheltering From Oil Shocks Introduction and context
…Beyond the direct damage to energy infrastructure in the region, the crisis has led to a near halt in tanker movements through the Strait of Hormuz. Crude and oil product flows through the Strait have fallen from around 20 million barrels per day (mb/d) before the conflict to a near standstill. With limited capacity to bypass the waterway and storage filling up, Gulf countries have cut oil production by at least 10 mb/d. In the absence of a rapid resumption of shipping flows, supply losses are set to increase.This loss of supply is having major impacts in…
