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● LIVE Updated 2h ago · 14 sources tracked

What the Iran war has done to the world’s energy supply, in charts

The Iran war has significantly impacted the world's energy supply, with fossil fuels producing 81% of global energy. The conflict has led to a decline in oil exports from the Middle East, resulting in a global diesel squeeze that is expected to persist into 2027. The US has stated it will not attack Iran before the midterm elections, which has influenced oil prices.

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  • ✓ Fossil fuels produce 81 percent of global energy.
  • ✓ The Iran war has led to a global diesel squeeze expected to persist into 2027.
  • ✓ WTI declines to near $89.50 after US President Donald Trump said Washington would not attack Iran before November's midterm elections.
🛡️ Source Corroboration: 14 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

US President Donald Trump's statement that Washington would not attack Iran before November's midterm elections led to a decline in West Texas Intermediate (WTI) oil prices.

Live updates

  1. Iran War Disrupts Global Energy Supply

    The Iran war has significantly impacted the world's energy supply, with fossil fuels producing 81% of global energy. The conflict has led to a decline in oil exports from the Middle East, resulting in a global diesel squeeze that is expected to persist into 2027. The US has stated it will not attack Iran before the midterm elections, which has influenced oil prices.

    Why it matters

    The ongoing Iran war has far-reaching implications for the global energy market, with the Middle East playing a crucial role in oil production. The conflict has led to a decline in oil exports, affecting diesel prices worldwide. The situation is being closely monitored by investors and governments alike.

    What is confirmed

    • Fossil fuels produce 81 percent of global energy.
    • The Iran war has led to a global diesel squeeze expected to persist into 2027.
    • WTI declines to near $89.50 after US President Donald Trump said Washington would not attack Iran before November's midterm elections.

    Still unconfirmed

    • A major energy conference is going ahead in Riyadh despite a Houthi attack on the city's King Khalid International Airport that killed 12 people.

    What to watch next

    • The outcome of the US midterm elections and their impact on US-Iran relations
    • The development of the energy conference in Riyadh
    • The IEA's future reports on global diesel supplies
    Sources used for this update (15)
    1. www.mitrade.com — WTI declines to near $89.50 as Trump rules out attacks on Iran before midterm elections
    2. www.aljazeera.com — Iran war live: 12 killed in Riyadh, Trump to speak with Saudi Arabia’s MBS
    3. www.aljazeera.com — What the Iran war has done to the world’s energy supply, in ...
    4. Al Jazeera — What the Iran war has done to the world’s energy supply, in charts
    5. Crude Oil Prices Today | OilPrice.com — The Iran War Is Fueling a Boom in Clean Energy
    6. The News Pakistan — The 2026 oil shock
    7. R Street Institute — Low-Energy Fridays: President Trump = Climate Hero?
    8. Financial Times — The energy crisis is changing what investors want from oil majors
    9. Seeking Alpha — Oil And Gas: You Ain't Seen Nothing Yet (NYSEARCA:XLE)
    10. The New York Times — World’s Energy Order Tested Again as Iran War’s Reach Extends Further
    11. www.mitrade.com — Dollar Index hits an 18-month high as the energy ceasefire fails
    12. www.bbc.com — Which war is having the biggest impact on diesel prices ... - BBC
    confidence 85%
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