The world is facing its most severe energy crisis in history, according to the International Energy Agency (IEA). Disruptions in oil and gas markets are a major concern, exacerbated by ongoing global conflicts.

• The IEA warns of serious disruptions in oil and gas markets.
• IEA Executive Director Fatih Birol highlighted the historical severity of the current energy crisis.
• The Middle East conflict has significantly altered the global natural gas market outlook, leading to supply shocks.