Middle East Conflict Sends Global Energy Markets into Turmoil

The ongoing conflict in the Middle East has sent shockwaves through global energy markets and supply chains. As a result, coal markets are experiencing knock-on effects from the crisis.

Certain markets rely on coal as an alternative to natural gas for power generation. With natural gas prices soaring, coal demand may increase in these sectors, which account for two-thirds of global coal consumption.

A reassessment of energy strategies is leading some countries and industries to turn to coal, especially domestically produced coal, to reduce their exposure to gas market volatility.