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Energy shock: why oil and gas prices have risen less than expected
What this article backs
- Strait Of Hormuz Closure Global Oil Supply
- Saudi Emirati Pipeline Networks Global Oil Supply Disruption
- Expectations Of Swift Conflict End Energy Price Response
- Stronger Pre Crisis Market Fundamentals Energy Price Response
- Asian Demand Flexibility Energy Price Response
- Energy Supply Disruption Size Energy Price Response
- Strait Of Hormuz Closure decreases Global Oil Supply.
- Saudi Emirati Pipeline Networks decreases Global Oil Supply Disruption.
- Expectations Of Swift Conflict End decreases Energy Price Response.
- Stronger Pre Crisis Market Fundamentals decreases Energy Price Response.
- Asian Demand Flexibility decreases Energy Price Response.
- Energy Supply Disruption Size correlates with Energy Price Response.
In its own words
Military strikes between the United States, Israel and Iran in late February 2026 led to the closure of the Strait of Hormuz. This interrupted the transit of around 20 million barrels per day
expectations of a swift end to the conflict, stronger pre-crisis oil and gas market fundamentals and greater flexibility in Asian demand have so far helped contain the impact on energy prices
Although Saudi and Emirati pipeline networks have partially mitigated the disruption, the conflict has nevertheless resulted in an average supply loss of around 14 mb/d so far
stronger pre-crisis oil and gas market fundamentals and greater flexibility in Asian demand have so far helped contain the impact on energy prices
greater flexibility in Asian demand have so far helped contain the impact on energy prices
the size of an energy supply disruption alone does not determine the price response