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Global oil supply faces crisis as conflicts impact 43% of production
Global oil supplies are facing a major crisis as conflict-affected regions account for over 43% of the world's production. Based on International Energy Agency (IEA) data, countries involved in ongoing armed conflicts produced approximately 45 million barrels of oil per day in 2025.
Key drivers of this instability include the aftermath of U.S. and Israeli attacks on Iran six months ago, which triggered a massive supply disruption. Additionally, the Russia-Ukraine war has significantly impacted the energy sector, with Ukrainian strikes on Russian infrastructure driving Russian refining activity to its lowest levels in decades. This has led Russia to ban gasoline and diesel exports.
The crisis is compounded by a shortage in refining capacity, which has dropped by roughly 10% globally due to conflicts in the Gulf and Ukraine. While crude oil prices have fluctuated, the lack of refining capacity has kept prices for diesel, gasoline, and aviation fuel at high levels. Other regional factors, such as instability in Libya, restrictions on Venezuelan oil, and production cuts in Kazakhstan, continue to strain the global market.
Entities
International Energy Agency · Iran · Middle East · OPEC · Russia · Ukraine · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Nearly half of the world's oil supply comes from conflict regions, affecting 45 million barrels per day. cryptobriefing.com
- [● 2 SOURCES] Conflict-affected nations produced approximately 45 million barrels of oil per day in 2025. cedmagazineng.com · www.energymag.gr
- [● 2 SOURCES] Conflict-affected oil production accounts for more than 43% of the global oil supply. cedmagazineng.com · www.energymag.gr
- [○ 1 SOURCE] Global refineries processed approximately 80.9 million barrels of crude per day in July. www.newmoney.gr
- [● 2 SOURCES] Russia has banned exports of gasoline and diesel due to fuel shortages. cedmagazineng.com · www.newmoney.gr
- [○ 1 SOURCE] Conflicts in the Gulf and Ukraine have reduced global refining capacity by approximately 10%. cedmagazineng.com
- [● 2 SOURCES] Attacks on Iran by the U.S. and Israel six months ago triggered a major global oil supply crisis. cedmagazineng.com · www.energymag.gr