Global Oil Crisis: Who Breaks First?
Edited By WION Video Desk
Published: Mar 16, 2026, 12:15 IST | Updated: Mar 16, 2026, 12:15 IST
The global oil market is facing what energy analysts are calling the largest supply shock in modern history. Escalating attacks on energy facilities and disruptions to critical shipping routes have triggered fears of a massive supply crunch. If supply disruptions persist, analysts estimate 8 to 15 million barrels per day of oil supply could be affected, a shock far larger than many past crises. The big question now is how high oil prices could rise, and more importantly, which economies break first if crude keeps climbing.
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