JMMC Urges Protection of Energy Infrastructure to Stabilize Markets

The Joint Ministerial Monitoring Committee (JMMC), a group including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Nigeria, Algeria, and Venezuela, has emphasized the need to protect global energy infrastructure and maritime routes. The committee's 68th meeting highlighted that safeguarding these critical pathways is essential for maintaining energy supply security and market stability.

During the meeting, the JMMC reviewed market conditions and production data for July and August 2026, noting strong conformity among OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC). The committee warned that attacks on energy infrastructure and disruptions to maritime routes could increase market volatility and undermine stabilization efforts.

Recent disruptions, particularly in the Strait of Hormuz and the Red Sea, have posed significant threats to global energy flows. The Strait of Hormuz, which handles around 20% of global crude oil and LNG supplies, has seen some vessels reroute due to security concerns. On October 5, 2026, crude exports through the Strait of Hormuz recovered to 14.2 million barrels per day, nearly 80% of pre-war levels, but rising costs and security risks continue to impact energy logistics.

The JMMC will continue monitoring production compliance, with its next meeting scheduled for November 29, 2026.