Iran Conflict Threatens Global Gas Market Stability, Warns Energy Official
The ongoing conflict in Iran has led to a significant disruption in the global energy market, with over 500 million barrels of crude and condensate removed from circulation. This has prompted countries reliant on Gulf supplies to switch to coal and accelerate renewable energy adoption. Philip Mshelbila, secretary general of the Gas Exporting Countries Forum, warned that if the conflict persists, these temporary measures could become permanent, altering the global energy landscape. The crisis has also highlighted missed opportunities for African gas producers to fill the supply gap, as North American producers capture European and Asian markets. 
