Al Jazeera analysis: Iran war disrupts global energy supply, pushing US strategic reserves to 40-year low
Al Jazeera's visual explainer highlights that the ongoing Iran war has disrupted global energy flows, particularly impacting the Middle East, which is the largest oil-producing region. Key waterways like the Strait of Hormuz and Bab al-Mandeb strait have seen reduced traffic, forcing some energy shipments to take longer routes around Africa. Fossil fuels still account for 81% of global energy consumption. The analysis notes that the US Strategic Petroleum Reserve is at its lowest level since 1982, and Western countries have little left to release, with commercial inventories also dwindling. Oil prices remain above $100 a barrel amid these disruptions and new threats to supply.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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