Insight
Assessing the oil market impact of the Middle East conflict – 8 key questions answered
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Conflict in the Middle East has pushed Brent to $100/bbl. The Strait of Hormuz is effectively closed, oil production is being curtailed in the region, and energy infrastructure is being targeted by attacks. IEA members agreed to release a record 400 million barrels from strategic stockpiles to help combat disruptions in the oil market. We answer 8 key questions on the current impact of the Middle East conflict on the oil market.
Table of contents
-
Executive summary
- Q1. How much production is offline due to the conflict?
- Q2. What are the alternative evacuation routes?
- Q3. What impact could the IEA’s release of emergency stocks have?
- Q4. Can the US SPR drawdown at the announced rate?
- Q5. Can oil producers outside the Middle East help fill the short-term supply loss?
- Q6. What about sanctioned Russia barrels?
- Q7. What trends are we seeing in Middle East oil storage?
- Q8. What is the impact on global demand?
Tables and charts
This report includes the following images and tables:
-
Infrastructure and tankers attacked as of 12 March 2026
What's included
This report contains:
Other reports you may be interested in
Insight
Webinar: The olefins chain in the shadow of the closure of the Strait of Hormuz
Watch our webinar assessing the impact of the Middle East conflict on the olefins value chain here
$900
Insight
Webinar: Middle East conflict and implications for upstream supply and corporate strategies - June 2026
Watch the recording of our 15 June webinar on the Middle East conflict's imlplications for upstream supply and corporate strategies
$1,350
Asset Report
Ratawi
The Ratawi field is located around 70 kilometres to the northwest of Basra. Until September 2023, Basra Oil Company (BOC) operated the ...
$3,720
