March 12, 2026
Middle East conflict is the largest oil disruption ever, IEA says
The International Energy Agency on Thursday said the war in the Middle East is "creating the largest supply disruption in the history of oil markets" as crude prices spiked again and tankers came under fire in the Gulf region.
TL;DR
- The International Energy Agency (IEA) states the Middle East war is causing the largest oil supply disruption in history.
- Crude oil prices have spiked.
- Tankers in the Gulf region have come under fire.
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