With every day the Iran conflict and the closure of the Strait of Hormuz continue, the global impacts and economic fall-out increase.
The fate of the world economy now depends on whether, and when a real ceasefire emerges, the stalemate holds, or the conflict widens.

Historic Energy Crisis From Hormuz Closure

#Gravitas In just over 50 days since the Iran war began on February 28, the world has already lost around 550 million barrels of Gulf crude.  And every month the Strait of Hormuz remains disrupted, the world is losing roughly 2 percent of its annual liquefied natural gas supply.  


Energy Markets on the Verge of Worldwide Crisis

Rising tensions around the Strait of Hormuz have disrupted the movement of millions of barrels of oil, triggering fresh concerns about global energy security. While markets are reacting to immediate supply risks, analysts warn that the real energy crisis may still lie ahead if instability persists in this critical maritime chokepoint.

Hormuz Crisis: Millions of Barrels Disrupted Amid Hormuz Tensions; Real Energy Crisis Still Ahead

Right now, global markets are reacting to headlines, closures, reopenings, threats, and talks. Oil prices are swinging wildly, shipping routes are shifting, and policymakers are scrambling to contain volatility.

Energy Crisis: Decoding the Invisible Supply Shock

The ongoing West Asia conflict has intensified concerns over a possible global energy crisis as tensions between the United States and Iran continue to disrupt critical oil shipping routes. With key waterways under threat and military actions escalating, analysts warn that crude oil supplies and global energy markets could face severe instability. 

US-Iran War: West Asia War Raises Question About Potential Energy Crisis

India has been navigating the global energy crisis carefully. While prices at the pump have gone up for several citizens around the world, India has shielded consumers from rising fuel costs while promising to maintain fiscal discipline. 


How India is Navigating Its Energy Crisis

The West Asia conflict is sending shockwaves across the globe. Today we will focus on Asian countries. Well, Asia’s heavy reliance on imported crude, much of it from the Strait of Hormuz, has forced the region to take immediate measures to secure energy supply and protect its citizens. From Japan to South Asia, governments are responding to one of the severest energy shocks in years. Take a look at our next report.


West Asia War: Asia Scrambles Amid Energy Crisis

A temporary ceasefire caused crude to crash over 20 percent. But the damage from oil’s surge during the six weeks of the Iran war was already being felt by businesses. From factories to markets, companies had warned of higher prices and economic uncertainty, with analysts flagging risks of slower growth and even a potential recession.


US-Iran Ceasefire: Global Energy Prices Fuel Business Uncertainty

Amid a worsening energy crisis, Pakistan’s Prime Minister’s Office has announced that markets and shopping malls across the country will close by 8:00 PM to conserve electricity. The move is part of emergency measures aimed at managing power shortages and reducing pressure on the national grid as authorities work to stabilise energy supply.


Pakistan Energy Crisis | Pak PM Office: Markets, Malls Will Be Closed at 8:00 PM

India has confirmed it is sourcing crude oil and liquefied petroleum gas (LPG) from Iran amid the ongoing energy supply disruptions in West Asia caused by war in the region. The Ministry of Petroleum and Natural Gas issued a statement on Saturday addressing rumours of supply problems. “Amid Middle East supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran; and there is no payment hurdle for Iranian crude imports,” it said.


India: Energy Supplies Remain Secured, Says Crude Supply Fully Secured for Coming Months

The eurozone suffered the biggest inflation jump in March since Russia invaded Ukraine in 2022. That is according to economists assessing the fallout from the escalating war in West Asia.

Eurozone Inflation: Historic Energy Crisis Fueling Inflation Eurozone 

The eurozone suffered the biggest inflation jump in March since Russia invaded Ukraine in 2022. That is according to economists assessing the fallout from the escalating war in West Asia.


Eurozone Inflation: Historic Energy Crisis Fueling Inflation Eurozone

Narendra Modi’s government has shipped 38,000 metric tons of petroleum products - including petrol and diesel - to Sri Lanka to help ease a severe energy shortage. The delivery comes amid global fuel supply disruptions tied to rising tensions in West Asia and widening energy price pressures.

India Sends Emergency Fuel to Sri Lanka, Colombo Thanks New Delhi Amid Energy Crisis

Egypt is grappling with a worsening energy crisis, forcing authorities to take drastic measures to conserve electricity. Shops and restaurants have been ordered to shut as early as 9PM, while street lights and billboards are being dimmed across cities.

The government says these steps are necessary to reduce pressure on the power grid, which heavily relies on oil-generated electricity. For many businesses and residents, however, the restrictions are already beginning to disrupt daily life and economic activity.



Egypt Energy Crisis: Shops And Restaurants Ordered To Close As Early As 9PM

U.S. President Donald Trump has postponed planned military strikes on Iran’s power plants and energy infrastructure for five days, calling recent discussions with Tehran “very good and productive” amid the ongoing conflict. Iran has denied any direct talks, even as tensions and regional attacks continue to intensify.


US-Iran War: Trump's U-Turn on Retrieving Iran's Uranium

The Indian Government has assured that the country has sufficient energy reserves, including crude oil, petrol, diesel, and LPG, to manage potential disruptions arising from geopolitical tensions in West Asia. The Ministry of Petroleum and Natural Gas and Prime Minister Narendra Modi have stated that the country’s energy supply is fully secure, dismissing rumors of shortages as misinformation.


Energy Crisis: Indian Government Says Country Has Enough Energy Reserves

In a Matter of Weeks, the Iran Conflict Has Triggered a Sharp Reset in Europe’s Energy Markets.
Benchmark Dutch Gas Prices Have Surged 70 Percent Month-to-date, With March on Track for the Strongest Monthly Gain Since September 2021.

Europe: Conflict Sparks Sharp Surge in European Gas

The intensification of conflict in West Asia is causing profound, long-term environmental damage, intersecting with acute climate extremes that are battering the region in early 2026. Military strikes on critical energy infrastructure have caused severe air and water pollution, while escalating violence forces a shift toward dirtier energy sources and hinders long-term climate goals. 


Climate Extremes Batter West Asia as War Intensifies

Global energy markets are facing volatility as oil and gas supply challenges deepen, forcing governments to delay or scale back climate commitments. Analysts warn the crisis undermines momentum toward emissions targets and renewable transitions, creating tension between short‑term energy needs and long‑term climate goals.

West Asia War: Energy Crisis Halts Climate Goals | Oil & Gas Volatility Hits Progress

Prime Minister Narendra Modi briefed Parliament on the West Asia war, warning of long-term impacts on India’s energy security and economy. He stressed preparedness, diversification of supplies, and keeping the Strait of Hormuz open. Meanwhile, the opposition has intensified criticism, alleging mishandling of the crisis and demanding greater transparency

India Energy Crisis Row: Modi Briefs Parliament, Warns of Impact from West Asia War

U.S. President Donald Trump on Monday said there have been talks between the United States and Iran over the past day in ​which the two sides had "major points of agreement," adding that a deal could be done soon ‌to settle the war.
Trump said his Middle East envoy Steve Witkoff and close aide and son-in-law Jared Kushner talked to the Iranians on Sunday and that discussions would continue on Monday.

US-Iran War: Trump Postpones Strikes on Iran's Power Plants

IEA Chief Fatih Birol has warned that the global economy faces an unprecedented energy shock, with over 40 energy assets across the Middle East severely damaged by ongoing conflict, surpassing the severity of 1970s oil crises. Combined with closures in the Strait of Hormuz, this crisis poses a "major threat" to global supply stability, withno country immune. 


IEA Chief: World Facing Unprecedented Energy Shock; At Least 40 Energy Assets 'Severely' Damaged

The world is staring at an unprecedented energy shock, according to the International Energy Agency. IEA chief Fatih Birol has warned that the ongoing war could hit every country, triggering serious economic consequences. As energy markets turn volatile, fears of a global slowdown are growing stronger by the day.


Global Energy Shock Warning: IEA Chief Says No Country Will Be Spared

US‑Iran tensions have surged as President Trump issued a 48‑hour ultimatum to Iran to fully reopen the Strait of Hormuz — threatening to obliterate Iranian power plants if Tehran fails to comply. At the same time, Iran launched one of its most destructive missile barrages on Israel since the war began, striking key regions and escalating regional conflict with deadly force.


US-Iran War: Iran Warns Of Strikes on US Energy Facilities as Trump Gives 48-Hour Ultimatum

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