War-Tainted Oil Flows as Firms Abandon Climate Pledges

Almost half the world's oil supply originates from conflict-affected nations, with 43% of global output—approximately 45 million barrels per day—produced in countries facing active wars or sanctions. The six-month-old Iran conflict has triggered the largest oil supply crisis on record, with disruptions in the Gulf, Ukraine, Libya, and Venezuela converging to create a perfect storm of energy insecurity. This concentration of risk means...