Middle East war creating ‘largest supply disruption in the history of oil markets’

https://www.theguardian.com/business/2026/mar/12/middle-east-war-creating-largest-supply-disruption-in-the-history-of-oil-markets

Oil markets are facing the “largest supply disruption in history” as the war in Iran continues to block tankers from shipping millions of barrels of crude each day, the world energy watchdog has warned.

The International Energy Agency (IEA) said the supply shock ignited by Iran’s effective blockade of the strait of Hormuz meant the world faced a deeper crisis than after the Yom Kippur war of 1973 and the 2022 outbreak of war in Ukraine.

13 points · 5 comments · view on lemmy.world

5 Comments

swicano@slrpnk.net · 3 pts · 179d

The largest supply disruption so far! I'm sure if we try hard we can blow up some other oil infrastructure

Fleur_@aussie.zone · 3 pts · 179d (3 replies)

Damn if only there was another way to make energy

Taokan@sh.itjust.works · 4 pts · 179d (1 reply)

I feel like if we could build a device that absorbed the harmonic frequency of saying "Biden" on fox news, we could probably power the whole planet and part of Mars.

jaschen306@sh.itjust.works · 0 pts · 179d

Omg, this man just figured out how to make infinite energy.

Eyekaytee@aussie.zone · 1 pts · 179d

I swear I had a dream that we produced energy from panels we could put on our roofs

What a crazy idea that would be though 😁

toad@sh.itjust.works · 0 pts · 179d
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