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‘Never the same’: How war on Iran changed the global energy sector

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Published01 JUL 26 - 08:15 Reading time  minutes

“For the producers, this would come in the form of more pipeline evacuation routes from the Middle East. For the buyers, this would mean maintaining a healthy supply of strategic petroleum reserves.” — June Goh, Senior Oil Analyst at Sparta Commodities

  • Expert: June Goh (Senior Oil Analyst, Sparta)
  • Publication: Al Jazeera
  • Market Focus: Crude Oil, Energy Security, Supply Chain Risk, Geopolitical Risk
  • Geographies: Middle East, Strait of Hormuz, Global Energy Markets

In a recent analysis for Al Jazeera, Sparta’s Senior Oil Analyst, June Goh, flags a structural shift away from Hormuz reliance as the Iran conflict accelerates pipeline development and strategic reserve accumulation. Producers are building new pipeline evacuation routes from the Middle East while buyers are stockpiling strategic petroleum reserves — both responses signal permanent loss of confidence in the strait’s reliability. Hormuz transits have already collapsed from 20 million barrels per day peacetime levels to sporadic traffic after security attacks reignited fears. Traders should monitor pipeline capacity additions (Saudi Arabia’s East-West Pipeline, UAE’s Abu Dhabi Crude Oil Pipeline, Iraq-Turkiye pipeline) as combined capacity remains well short of displaced Hormuz flows, creating sustained supply chain restructuring.

[Read June Goh’s full market commentary in Al Jazeera]

Author

June Goh

Senior Oil Analyst

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