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Key energy and shipping trends after three months of Iran turmoil

After three months of upheaval, the Iran conflict and near-total closure of the Strait of Hormuz have delivered a shock that has rewired global oil, fuel and LNG flows and caused historic disruption to energy product shipping in every region.

May 28, 2026
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Not everybody is a loser from the Iran war. Just ask Brunei

Argentina, Brunei and Gabon are not three countries that would appear to have much in common. But they are in a small group of energy producers that are big winners from the war against Iran.

May 28, 2026
News

Warning lights flash as aluminium reels from Gulf shock

The Iran war is shaping up to be one of the biggest supply shocks in the history of the aluminium market.

May 25, 2026
News

Asia thermal coal imports, prices lift amid Iran war, China output drop

The Iran war has upended crude oil and liquefied natural gas markets, but the impact on coal has been more muted, even as prices for thermal grades have quietly climbed to multi-year highs.

May 25, 2026

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