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CommoditiesMedium•24 April 2026•

1 min read

BNP Paribas: Geopolitical Tensions in Iran Fuel Uncertainty Across Energy Markets

Key Facts

1Aldo Spanjer of BNP Paribas stated that geopolitical uncertainty is impacting energy market flows.

Aldo Spanjer, head of energy strategy at BNP Paribas, has highlighted that geopolitical uncertainty is significantly impacting global energy market flows. Speaking to CNBC, Spanjer described the current conflict involving Iran as a state of 'no war, no peace,' which is causing a notable lack of market liquidity. He emphasized the critical implications for the Strait of Hormuz, noting that any disruption to this vital maritime route could have severe consequences for global energy supplies. The strategist pointed out that the market remains in a state of high alert regarding the potential reopening or closure of strategic waterways. These developments underscore the profound impact of regional tensions on the stability of commodity pricing and energy security.