How the Middle East crisis is reshaping global gas markets
12 March 2026
As the humanitarian toll of the escalating Middle East conflict continues to rise, its shockwaves are also reshaping global energy markets.
Understand what this means for your organisation
The 2026 Middle East crisis has triggered one of the most significant stress‑tests of the global oil and gas system. In this analysis we examine how the escalating conflict, centred on disruptions in the Strait of Hormuz, affects global LNG flows, redefining risk for organisations worldwide, and regional energy security.
Drawing on our world‑leading energy market modelling, the report sets out three disruption scenarios (3‑month, 6‑month and prolonged conflict) and their implications for prices, storage, trade patterns, investment decisions, and winners and losers across Asia, Europe, and the Middle East. The document provides a data‑rich and scenario‑based view of short‑term volatility, medium‑term tightening, and long‑term structural change in global gas and LNG markets.
Get in touch to discuss your specific strategies
If you want to assess your exposure, re‑evaluate procurement strategies, or understand how current volatility could affect your operations, speak to our energy and LNG experts. Baringa can help you navigate the risks, build resilience, and make confident strategic decisions in a rapidly evolving market.
Our Experts
Related Insights
Unlocking private capital: scaling investment in the CCS sector
Unlock the next wave of CCS investment. Discover how the financial services sector can scale viable models, reduce risk and mobilise private capital for commercial CCS deployment.
Read more
Did you miss out on Italy's MACSE Auction? Here is why you shouldn’t give up
Developers face a key choice: refine their bid and compete in the next MACSE auction, or pivot to a targeted merchant strategy where subsidies won’t reach.
Read more
Podcast - S3-E2 - Decarbonising complex industries
Navigating the rising challenges of decarbonisation while ensuring energy security and maintaining a resilient, reliable system throughout the transition.
Read more
Navigating the new domestic decarbonisation landscape
Baringa’s ninth Green Buildings and Transport Forum on 3 December 2025 brought together a range of market players to discuss the future of warm homes.
Read moreIs digital and AI delivering what your business needs?
Digital and AI can solve your toughest challenges and elevate your business performance. But success isn’t always straightforward. Where can you unlock opportunity? And what does it take to set the foundation for lasting success?