A Reuters analysis reveals that nearly 50% of the global oil supply is sourced from nations currently embroiled in conflict. The ongoing tensions involving the US, Israel, and Iran have sparked an oil crisis, while the Russia-Ukraine war has hindered crude refining capabilities. Additionally, the reimposition of US sanctions on Venezuelan oil exports earlier this year has further tightened the market. In 2025, nations impacted by conflict generated 45 million barrels of oil daily, accounting for 43% of the total worldwide supply.

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