International Energy Agency (IEA) chief Fatih Birol has stated that the ongoing war has disrupted global oil supplies by about 12 million barrels per day. Speaking in a podcast with Nicolai Tangen, head of Norway’s sovereign wealth fund, Birol said around 40 key regional energy facilities have been damaged due to the conflict.

He warned that the disruption could double in April compared to March, with Europe expected to feel the impact soon. Birol highlighted that the most severe shortages are currently in jet fuel and diesel, noting that Asia is already experiencing the effects and that Europe may face similar challenges by April or May.

Analysts believe the situation has sparked renewed concerns in the global energy market, as the supply disruptions and fuel shortages threaten to intensify economic pressures worldwide.