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
Simplification, not suspension: why CS3D still matters for executive teams
CS3D timelines have shifted, but the cost, risk and opportunity remain. Learn why executive teams should act now to manage supply‑chain risk and value.
Read more
Carbon capture heats up in Asia: Will it cool down the planet?
Carbon capture’s rising role in Asia’s energy transition
Read more
From ambition to action: making the most of the Warm Homes Plan
An expert roundtable discussion on the UK Warm Homes Plan, exploring how government, local authorities and industry can deliver home energy retrofits at scale, reduce fuel poverty and accelerate low‑carbon housing.
Read more
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 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?