Every Moment Brings Change: The Energy Crisis of 2026

Facing a New Wave of Global Economic Disruptions

Since 2019, the world has experienced a series of significant economic upheavals: the COVID-19 pandemic, the conflict in Ukraine, the introduction of broad U.S. tariffs, and now the outbreak of war involving Iran.

Recent developments have revived concerns reminiscent of the inflation spike seen in early 2022, when soaring oil prices—driven by the Ukraine war—intensified cost pressures worldwide. While there are clear parallels to that period, it is equally crucial to recognize what sets the current situation apart.

The closure of the Strait of Hormuz has effectively removed a fifth of the global oil supply from the market, causing oil prices to climb sharply. Brent crude, for example, has surged by 50% since the onset of military action.