West Asia Faces Potential Energy Crisis as 12 Million Barrels of Oil and Gas Supply Threatened

According to the International Desk of Webangah News Agency, data released by the Mehr News Agency indicates that a potential disruption in West Asia could halt the supply of 12 million barrels of oil and gas daily. This figure includes approximately 7 million barrels of crude oil per day, representing about 7 percent of global oil demand.

Analysts from the institution have issued warnings about the possibility of further production cuts in the future, characterizing the situation as a grave alarm for global energy security. Experts and analysts have cautioned about an energy crisis stemming from the ongoing conflict involving Iran, particularly in light of potential closures of the Strait of Hormuz.

The Wall Street Journal reported that chief executives of American oil companies have warned that an energy crisis will intensify if the United States and the Zionist regime continue their conflict against Iran. Executives from prominent oil companies, including ExxonMobil, Chevron, and ConocoPhillips, have held discussions with Washington officials. They have expressed concerns that continued hostilities against Iran will exacerbate disruptions to energy transportation through the Strait of Hormuz, worsening energy instability in the region and globally, and accelerating the rise in oil prices.