Geopolitical Report – March 2026
How geopolitics is reshaping energy markets
What you will learn in this report
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The report examines how escalating tensions and military actions involving Iran are disrupting regional energy infrastructure and supply chains. Energy traffic through the Strait of Hormuz, responsible for roughly a quarter of global oil and gas supply, has slowed dramatically, while Qatar has halted LNG production following retaliatory strikes.
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With the Strait of Hormuz effectively closed, the report analyses the potential consequences for LNG flows and global gas prices. The conflict is creating risks not only for Iranian supply but also for production across countries including Saudi Arabia, Iraq, the UAE and Israel.
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The report explores how political tensions within the EU, particularly in Central and South-Eastern Europe, are testing European solidarity as governments balance economic security with climate ambitions.
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Modern geopolitical competition increasingly relies on hybrid influence rather than conventional military conflict. These strategies aim to destabilise societies through information manipulation, economic pressure and strategic energy leverage.
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The report also examines wider geopolitical pressures, including trade disputes, sanctions and strategic competition among global powers, all of which affect energy markets, investment decisions and supply chains.