French Finance Minister Roland Lescure said on Wednesday, that between 30 and 40 percent of the refinery capacity in the Persian Gulf region has been damaged or destroyed due to retaliatory attacks from Iran, and the world is now facing a daily shortage of 11 million barrels of oil in the markets
The world is facing this.
According to France 24, he warned that it could take up to three years to rebuild the damaged facilities and several months to restart the units that were urgently shut down.
These statements were made while authorities in European Union countries are trying to resolve the energy crisis.
Italian Prime Minister Giorgia Meloni has now traveled to Algeria for emergency energy talks to secure more gas supplies as the country tries to compensate for the decline in liquefied gas imports from Qatar.
Britain and Germany also announced on Wednesday that this energy crisis has accelerated their transition to green energy.
At the same time, Christine Lagarde, head of the European Central Bank, assured that this institution has several tools at its disposal to deal with the inflationary shock caused by the ongoing war in the Middle East and emphasized that “policymakers will not suffer from paralysis caused by doubt.”
Published in 03/26/2026 02h15
Text adapted by AI (Grok) and translated via Google API in the English version. Images from public image libraries or credits in the caption.
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