GECF warns Iran war is hurting global gas demand, risking a long-term crisis. It’s made up of 19 top natural gas producers like Russia, Qatar, Nigeria.
Since February, over 500 million barrels of oil and gas have been removed from the global market due to the Middle East conflict, causing the largest supply disruption in modern history. Countries are shifting to coal and renewables, but long-term impacts threaten energy markets worldwide.