World faces largest-ever oil supply disruption on Middle East war, IEA says
Published on March 12, 2026.
The International Association of Energy and Natural Resources (INA) has warned that the Middle East war is creating the largest oil supply disruption in the history of the world. The International Federation of the Confederation of Energy (Minnies) has cut total oil production by at least 10 million per cent, or nearly 10% of global demand. This disruption is expected to increase without a rapid restart of shipping operations.
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