Iran Conflict to Prolong Global Gas and Fuel Squeeze, Warns IEA

4 articles · Updated · Bloomberg · Apr 24

The ongoing Iran war is expected to keep global gas and fuel markets tight for at least two more years, according to the IEA.
Damage to Middle East infrastructure and restricted crude flows have disrupted LNG supply and forced Asian refineries to cut output and shift to lighter crude grades.
These disruptions are delaying new LNG capacity, reducing diesel and jet fuel supplies, and pushing up prices across Asia and Europe.

How will the world cope with a multi-year deficit in natural gas supply?

Can rising U.S. energy exports truly fill the void left by the crisis?

Beyond oil, which critical commodity shortage will hit consumers hardest?

Will the largest-ever release of emergency oil reserves stabilize markets?

Is this energy crisis the final catalyst for a global break from fossil fuels?

With fertilizer supplies cut, how close are we to a global food catastrophe?