Key Metrics
65.22
Heat Index-
Impact LevelHigh
-
Scope LevelGlobal
-
Last Update2026-03-18
Key Impacts
Positive Impacts (8)
Negative Impacts (10)
Event Overview
A significant drop in oil exports from the Middle East and Gulf region highlights the severe impact of escalating military conflicts on global energy supplies. The situation underscores the interplay between geopolitical tensions and economic stability, with far-reaching implications for international markets and energy security.
Collect Records
Oil Exports from Eight Middle Eastern Gulf Countries Drop by 61%
The oil exports from eight countries in the Middle East and Gulf region dropped by approximately 61% last week, falling from an average of 25.13 million barrels per day in February to 9.71 million barrels per day. The primary cause of this decline was the escalation of military conflicts involving the United States, Israel, and Iran, which significantly disrupted global energy supplies.
Iranian Islamic Revolutionary Guard Conducts 'True Promise-4' Operation
The Iranian Islamic Revolutionary Guard announced the implementation of the 59th wave of the 'True Promise-4' operation on the evening of the 17th. The operation involved the use of various precision-guided missiles and attack drones to strike multiple locations in Israel, including Jerusalem, Bet Shemesh, and Tel Aviv, as well as U.S. military bases in Qatar, Kuwait, the UAE, Bahrain, and Iraq. The Revolutionary Guard stated that they have launched a new round of 'powerful strikes' against the U.S. and Israel, vowing to severely damage 'hegemonic forces'.
Iran's New Supreme Leader Rejects Peace Proposal
Iran's new Supreme Leader, Mojtaba Khamenei, rejected a proposal for easing tensions with the United States that was delivered through an intermediary. He stated that 'it is not the time for peace' and demanded that the U.S. and Israel be defeated and pay reparations.
Mojtaba Khamenei Selected as New Supreme Leader of Iran
On March 9, the Iranian Assembly of Experts selected Mojtaba Khamenei as the new Supreme Leader of Iran. According to the Iranian constitution, the Supreme Leader holds final authority over major affairs and serves as the highest commander of Iran's armed forces.