Global Market Losing 11Mln Barrels of Oil Per Day Due to Middle East Conflict – IEA Chief

NAMPA / Sputnik

2026-03-23

JAKARTA, March 23 (RIA Novosti) - The world risks facing the most serious energy crisis in decades amid the conflict in the Middle East, with the market losing 11 million barrels of oil per day, the head of the International Energy Agency (IEA), Fatih Birol, said on Monday. "Many of us remember the two consecutive oil crises in the 1970s ... And at that time in each of the crises the world has lost about 5 million barrels per day. Both of them......

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