Energy security shocks and coal’s role in a fragmented world
What the closure of the Strait of Hormuz reveals about geopolitics, fuel choices, and metals markets
1 minute read
Julian Kettle
Vice Chairman of Metals and Mining
Anthony Knutson
Global Head, Thermal Coal Markets
Anthony Knutson
Global Head, Thermal Coal Markets
Anthony is the global head of our thermal coal markets research for the Metals and Mining group.
View Anthony Knutson 's full profile
Alex Griffiths
Director, Metals & Mining, Curated Services
Alex Griffiths
Director, Metals & Mining, Curated Services
Alex draws on his experience as a Resource Geologist to analyse and forecast global steel and iron ore markets.
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Gavin Thompson
Vice Chairman, Energy – Europe, Middle East & Africa
Gavin Thompson
Vice Chairman, Energy – Europe, Middle East & Africa
Gavin oversees our Europe, Middle East and Africa research.
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The closure of the Strait of Hormuz has triggered a major disruption to global energy flows, removing around one‑fifth of global LNG supply from the market and forcing governments to reassess their energy strategies.
In this episode of Mined over matter, Wood Mackenzie experts examine how energy security concerns are shifting policy responses, accelerating coal usage across key Asian and European markets, and delaying coal plant retirements. While gas markets have avoided the extreme price spikes seen in prior crises, fuel switching and policy reversals are reshaping the near‑term outlook for coal – with important implications for metals markets, supply chains, and growth economies.
The conversation explores the tension between energy security, cost, and environmental goals, and why geopolitical disruption is increasingly driving second‑order impacts well beyond energy markets alone.
Fill in the form to watch the full complimentary episode and explore how energy security shocks are reshaping fuel choices, and why that matters for global metals markets.