Half of Global Oil Supply Faces Disruption
Six months of conflict involving Iran and Russia have disrupted nearly half of global oil flows, creating the largest supply crisis on record. Refining capacity is down significantly, driving up fuel prices and global inflation while depleting emergency stockpiles.
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Almost half of global oil production originates from conflict zones six months into the war involving Iran, cutting 45 million barrels per day. The supply shock eclipses previous energy crises as active disruptions spread across multiple key producing regions. Energy markets face sustained pressure as emergency stockpiles dwindle and refining capacity drops globally.
