How the Iran war is reshaping energy markets

AL-MONITOR hosted a live discussion on Wednesday, May 20, 2026 with leading experts on how the Iran war is reshaping energy markets.

With oil prices up roughly 80% and a continued crisis in the Strait of Hormuz, speakers examined the impact on global energy markets, including OPEC’s future, the scramble for LNG and jet fuel, the clean energy transition and the wider implications for Gulf energy producers.

AL-MONITOR's Senior Market Research Analyst Samuel Wendel moderated a timely discussion featuring: 

• Carole Nakhle, CEO of Crystol Energy and Secretary General of the Arab Energy Club

• Kristian Coates Ulrichsen, Fellow for the Middle East at the Baker Institute and Codirector of Middle East Energy Roundtable

• Noam Raydan, Senior Fellow at The Washington Institute for Near East Policy