Middle East Conflict Affects Third of Global Oil Trade - Novak

NAMPA / Sputnik

2026-03-18

MOSCOW, March 18 (RIA Novosti) - The Middle East conflict affects at least 20 million barrels of oil per day, or about a third of global trade, Russian Deputy Prime Minister Alexander Novak said on Wednesday. "The wars of the 1970s, 1990s, and 2000s affected approximately 4-5% of total energy consumption. Those countries affected by armed conflicts affected approximately 4-5 million barrels. Today, as part of the Middle East conflict, this aff......

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