September 2026

Energy markets remain highly volatile as geopolitical developments continue to drive prices. Disruptions to Middle Eastern shipping routes and energy infrastructure have tightened global supply concerns, while recent diplomatic discussions and the partial restart of Saudi Arabia’s East-West Pipeline have provided some relief. Crude prices have moved lower from recent highs, but the market is

Energy markets remain firm as global supply concerns continue to support crude oil and refined product prices. Ongoing conflict in the Middle East, disruptions around major shipping routes, and continued attacks on energy infrastructure have kept a risk premium in the market. The Strait of Hormuz and Red Sea remain key areas to watch because