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Iran war has wiped out $50 billion worth of oil supply in 50 days
Kpler said the disruption has cut Gulf output by 8 million barrels a day and could keep markets tight into summer.
- Since the Iran war began nearly 50 days ago, more than 500 million barrels of crude and condensate have been removed from global markets, according to Kpler data representing over $50 billion in lost revenues.
- Wood Mackenzie analyst Iain Mowat said the 500 million-barrel loss equals 10 weeks of global aviation demand or 11 days of global road travel, illustrating the disruption's scale.
- Jet fuel exports from Gulf Arab nations plummeted to 4.1 million barrels for March and April combined, while onshore crude inventories fell by about 45 million barrels, straining the global supply chain.
- Full restoration of regional energy infrastructure could take years due to damage at facilities like Qatar's Ras Laffan LNG complex, as analysts warn the crisis's aftershock will affect global markets for months.
36 Articles
36 Articles
Since the first attack by the US and Israel on Iran on 28 February, oil tankers are struggling to cross the Strait of Ormuz to distribute natural gas and oil around the world, trying to continue the dependence that in 2025 the whole world accused of these two fossil fuels, which although with a slightly lower growth than in 2024, were second and third main sources of energy supply globally. Only photovoltaic energy surpassed them, in a key year …
I lost more than 500 million barrels. And China earns with green: export boom on photovoltaics
How 50 days of war with Iran wiped out $50 billion in global oil supply
More than 500 million barrels of crude have been removed from the global market since the war began, marking the largest energy supply disruption in modern history with impacts expected to last for months or years
The impact of the US-Israeli war on Iran is now clearly visible on the world's finances. In just 50 days, $50 billion worth of oil has disappeared from the market, significantly impacting global supply and prices.
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