Chief Economist Desk: Strait of Hormuz, energy supply disruptions and long-term scenarios

Subject
Chief Economist Desk, in conversation about the Middle East
Publication
23 March 2026
Strait of Hormuz, energy supply disruptions and long-term scenarios
Rystad Energy’s Chief Economist Claudio Galimberti and Head of Americas Commercial & Marketing Amir Zaman sat down at our Calgary Energy Forum on Tuesday, 17 March, to discuss the escalating war in the Middle East. Together they reflected on developments thus far, drew parallels between the current geopolitical environment and historical occurrences and discussed the critical elements needed to lessen the long-term implications to the global energy market overall.
Impacts of a continued Strait of Hormuz closure
Energy crisis in a historical context and comparison
Long-term scenarios for an ongoing conflict
What to watch when evaluating the economic impacts of the situation
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