Energy Blog

LITTLETON, Colorado, March 24 (Reuters) – At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.
But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the ​oil market – making the fallout for gas consumers considerably more acute.

Iran will fight on and keep the Strait of Hormuz shut as leverage against the U.S. and Israel, new Supreme Leader Mojtaba Khamenei said ​in defiant first comments since he succeeded his slain father.

The United States-Israeli war on Iran could leave consumers and businesses worldwide facing weeks or months of higher fuel prices even if the conflict, which is now in its eighth day, ends quickly, as suppliers grapple with damaged facilities, disrupted logistics, and elevated risks to shipping.

LONDON/SINGAPORE, March 2 (Reuters) – Insurance companies are cancelling war risk coverage ​for vessels in the Middle East Gulf as the widening Iran conflict disrupts shipping, leaving tankers damaged or stranded and at least two people dead.

Bangladesh faces a mounting energy crisis as Middle East tensions disrupt LNG supply, pushing costs and subsidy burdens higher. With LNG accounting for a third of total gas and renewable options still underutilised, the country risks slower exports and economic strain unless it accelerates diversification into affordable, domestic renewables such as solar. A rapid scale-up of solar-plus-storage could unlock 50,000 MW of capacity using just 1% of agricultural land and shield Bangladesh from volatile global fuel markets.