7.5% of global oil supply is disrupted by the Iran war, the IEA reports, hitting exports even harder.

This marks the biggest-ever oil market disruption, significantly impacting global supply chains and prices. The IEA's assessment underscores the conflict's severe economic consequences, particularly for nations reliant on Iranian exports. Key markets face immediate shortages, forcing buyers to seek alternatives at higher costs.

The disruption is already reshaping energy strategies, pushing countries to accelerate diversification efforts. Long-term market stability hinges on resolving the conflict and restoring normal Iranian production levels.