Six months into the war linked to attacks on Iran, Reuters calculations cited by multiple outlets say nearly half of global oil flows originate in countries affected by conflict in 2026. The assessment highlights how current disruptions to supply are larger than those seen in earlier energy crises.
Outlets describe the timing as beginning with U.S. and Israeli strikes on Iran, which lead to the widest oil supply shock on record. They also point to ongoing secondary pressure from the Russia-Ukraine war, which causes production and refining cuts. One cited example includes impacts on refining capacity in Kazakhstan and other nearby areas.
While outlets focus on the same underlying calculations and conflict-driven risks, they frame the issue through different emphases: some stress the scale of supply exposure to war zones, while others underline the lack of a clear end to the Iran-related conflict and the continuing operational constraints tied to Russia-Ukraine. Across coverage, the common theme is that multiple active conflicts compound to tighten global oil supply and raise uncertainty for energy markets.
