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With the last few tankers to leave the Strait of Hormuz before the war reaching its destinations, we’re taking a look at why, despite everything, the markets appear to be relatively calm.
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Sources:
Global oil crisis
https://www.ft.com/content/bcd72d2a-79cc-48db-a149-076cbca22a24?syn-25a6b1a6=1
https://www.independent.co.uk/news/world/middle-east/oil-prices-today-strait-hormuz-b2952796.html
https://x.com/ChrisO_wiki/status/2040708045487985104?s=20
https://www.bloomberg.com/news/articles/2026-03-24/gulf-energy-industry-will-take-years-to-recover-from-iran-war
IEA warnings
https://www.ft.com/content/9e47e3b8-fae1-4c1c-b79c-22dda42bc2b1?syn-25a6b1a6=1
https://www.iea.org/news/new-iea-report-highlights-options-to-ease-oil-price-pressures-on-consumers-in-response-to-middle-east-supply-disruptions
Measures taken by governments
https://www.iea.org/data-and-statistics/data-tools/2026-energy-crisis-policy-response-tracker
European response
https://www.politico.eu/article/austria-germany-italy-portugal-spain-tax-energy-companies-benefit-iran-war/
https://www.euronews.com/my-europe/2026/04/06/jet-fuel-crisis-rationing-triggered-at-four-airports-in-italy
https://www.bbc.co.uk/news/articles/c1w4qgxqq7yo
Asian energy shortfalls
https://www.theguardian.com/world/2026/apr/01/iran-energy-crisis-asia-dirty-fuels-coal
https://x.com/ChrisO_wiki/status/2040708082481725518?s=20
Attacks on Gulf energy facilities
https://www.bloomberg.com/news/articles/2026-03-23/over-40-middle-east-energy-assets-severely-damaged-iea-says
https://www.insurancejournal.com/news/international/2026/04/07/864740.htm
