Six months into Iran war, almost half of global oil flows from war zones
By Seher Dareen, Anushree Mukherjee and Robert Harvey LONDON Aug 25 (Reuters) - Almost half the world's oil comes from countries affected by conflict in 2026, Reuters calculations show, underscoring that current disruptions have eclipsed previous energy crises. Six months ago, U.S. and Israeli attacks on Iran triggered what has become the largest oil supply crisis on record, with no clear end in…
Almost half of the world's oil comes from countries affected by conflict. According to Reuters calculations using International Energy Agency data, countries affected by conflicts produced about 45 million barrels per day of oil in 2025, accounting for more than 43% of global supply.
The current disruptions have eclipsed previous energy crises. Six months ago, US and Israeli attacks on Iran triggered what has become the largest oil supply crisis on record, with no clear end in sight. The Russia-Ukraine war has also forced production and refining cuts, including in nearby Kazakhstan this year.
Ongoing conflicts in Libya, US restrictions on Venezuelan oil exports, and disruptions in the Gulf, including re-routing of Saudi Arabian oil and secret exports out of the Strait of Hormuz, have added further strain. The disruptions have increased the world's reliance on US oil supplies, which have occasionally been disrupted by severe weather.
Brief written by urgent.news from Al-Monitor, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
