Atlantic hurricane season to set record low activity as El Niño suppresses storms

The 2026 Atlantic hurricane season is on track to break a record for the fewest hurricanes, with none formed to date, due to a strong and intensifying El Niño suppressing tropical development. The record is expected to be set this week, marking a notable deviation from typical seasonal patterns. This matters for regional risk assessment and energy/insurance markets, though the direct market impact is limited.