Six months into Iran war, almost half of global oil flows from war zones

Reuters calculations indicate almost half of global oil supply originates from countries affected by conflict in 2026, highlighting that current disruptions are larger than prior energy crises. The development raises upside risk to crude prices and energy-related inflation pressures, making the outlook for supply reliability more precarious.

Analysis

Reuters calculations indicate almost half of global oil supply originates from countries affected by conflict in 2026, highlighting that current disruptions are larger than prior energy crises. The development raises upside risk to crude prices and energy-related inflation pressures, making the outlook for supply reliability more precarious.