Research Paper

Energy Strategy Insights "How the Iran War Is Changing Oil Demand"

Author	Ichiro Kutani
Summary	For the time being, the war between the United States/Israel and Iran has come to a ceasefire. Israel and Lebanon have also agreed to a 10-day ceasefire, due to begin on 17 April. However, reports suggest that...
Outline	Although a temporary ceasefire has been reached in the war between the United States/Israel and Iran, the safe passage of the Strait of Hormuz remains uncertain. The war is affecting both oil-producing and oil-consuming countries. In particular, Asian oil-consuming countries are moving away from oil in favour of energy security, with initiatives such as EV adoption and biofuel expansion. Among oil-producing countries, Saudi Arabia, which has a route bypassing the strait, and other countries outside the strait are benefiting from higher oil prices. However, this crisis could accelerate the global peak in oil demand and mark a turning point towards faster electrification.
Keyword	insights, Strait of Hormuz, Energy Security, Decarbonization, Electrification, Energy Transition, Electric Vehicles (EVs)
Media	ＨＰ (4/21/2026)
URL	https://test-eneken.mvmt.jp/en/energy_strategy_insights.html
Report PDF	https://test-eneken.mvmt.jp/data/13206.pdf