India, April 15 -- As the fragile United States (US)-Iran ceasefire enters its second week, uncertainty continues to hang over both the humanitarian crisis in West Asia and the global energy system, particularly following disruptions in the Strait of Hormuz-a critical artery for global oil and gas flows.

New analysis by the Centre for Research on Energy and Clean Air (CREA) shows that global fossil fuel-based power generation fell by around 1 per cent year-on-year in March, marking the first full month after the onset of the Hormuz blockade. The decline was led by a sharp 4 per cent drop in gas-fired power generation, while coal-fired generation remained broadly flat.

The analysis, based on near-real-time electricity data covering major...