A Reuters analysis reveals that nearly half of the world’s oil supply will originate from conflict zones by 2026, a situation exceeding previous energy crises. This dramatic shift is largely due to the six-month-old conflict sparked by U.S. and Israeli attacks on Iran, resulting in the largest oil supply crisis recorded. Further exacerbating the issue is the ongoing Russia-Ukraine war, which has led to production and refining reductions, even impacting nations like Kazakhstan. The combined impact of these conflicts demonstrates a significant disruption to global energy markets with no immediate resolution anticipated. Experts warn of continued volatility and potential price increases as a result of the concentrated risk. This evolving landscape creates substantial geopolitical and economic challenges for nations worldwide.