Global energy markets face increased volatility as emergency petroleum reserves reach critical lows amid an escalating conflict in the Strait of Hormuz. Analysts warn that exhausted spare capacity and potential supply disruptions could push oil prices toward the $100-per-barrel threshold.

The United States has expanded its aerial campaign against Iran, targeting critical infrastructure and maritime facilities, which has triggered retaliatory strikes throughout the region.

US-Iran hostilities have caused the closure of the Strait of Hormuz, disrupting energy markets and triggering reciprocal strikes on military infrastructure.

Renewed conflict in the Strait of Hormuz and the revocation of a key U.S. sanctions license have created significant energy market uncertainty.

Following an Iranian attack on a container ship, the US military launched intensive airstrikes, triggering retaliatory missile fire across the Middle East.

Reliance Industries is expanding coal bed methane extraction in Madhya Pradesh with a 580-well project to bolster domestic natural gas supply. This development supports India's goals to increase the share of gas in the national energy mix.

Renewed military conflict between the U.S. and Iran has effectively closed the Strait of Hormuz, disrupting up to 14 million barrels of daily oil shipments. The IEA warns this escalation puts projections for global energy market stabilization in jeopardy.