← World Watch
Disruptionother · September 21, 2026
Hormuz crisis and El Niño drive global coal demand to record 8.94 billion tonnes in 2026
The headline implies a major shift in global coal demand tied to shipping-risk conditions and weather, affecting coal flows and suppliers.
Source →The trace
How it reaches your house.
Starting from Panamax / Capesize Bulk Vessel Freight, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Saudi Aramco →Prices riseHormuz-related oil and gas trade constraints can lift crude prices, and this input has only moderate substitutability with a 3-month replacement lead time, so Aramco's feedstock costs can rise.
45% confidence