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Russia says Middle East conflict fuelling worst energy crisis in 40 years

March 18, 2026 10:28 AM
Reuters


Conflict in the Middle East is disrupting a significant share of global energy supplies and has triggered the most severe energy crisis in the past 40 years, Deputy Prime Minister Alexander Novak said on Wednesday.

“In the context of the current Middle East conflict, this affects at least 20 million barrels per day. This is the volume of oil and petroleum products that used to pass through the Strait of Hormuz every day, as recently as 19 days ago,” he said.

(Reporting by Olesya Astakhova; Writing by Maxim Rodionov; Editing by Andrew Cawthorne)

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