Six months into Iran war, almost half of global oil flows from war zones
Reuters calculations show conflict-hit countries produced about 45 million barrels per day in 2025, while global refining capacity has fallen by about a tenth.
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7 Articles
Conflict-hit oil supply crisis deepens as nearly half of global output comes from affected countries
Nearly half of the world’s oil supply now comes from countries affected by conflict, highlighting the growing vulnerability of global energy markets. Reuters calculations based on IEA data show that Iran, Russia, Ukraine, Libya and Venezuela produced around 45 million barrels per day in 2025, accounting for more than 43% of global oil supply.
Al-Monitor
Six months into Iran war, almost half of global oil flows from war zones
By Seher Dareen, Anushree Mukherjee and Robert HarveyLONDON 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 sight. At the same time, the Russia-Ukraine war has …
Oil supplies are more threatened than ever by wars and armed conflicts. According to Reuters calculations, almost half of the world's oil now comes from countries affected by conflict. The current supply shortages this year are bigger than in previous energy crises.
More than 43 percent of the world's oil production comes from countries affected by conflict, according to Reuters calculations, while the war with Iran, the conflict between Russia and Ukraine and disruptions in other countries are creating the largest crisis in global oil supplies to date. Countries affected by these conflicts produced about 45 million barrels of oil per day last year, accounting for more than 43 percent of total global supply…
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