The recent escalation of conflict in the Middle East is heavily impacting global markets. As IEA Executive Director Fatih Birol recently observed, the magnitude of this “energy crunch” could be even worse than the 1973 and 1979 oil shocks and the 2022 gas shortages combined.
Even with the initial two-week ceasefire announced in early April, the geopolitical situation has not resolved and remains fluid. Peace negotiations have stalled and the temporary truce is rapidly deteriorating. We analyze here three major implications that industry leaders must navigate in the short to medium term





























