The energy crisis in the Middle East has been one of the most significant issues affecting the global economy throughout the last decade. The region, rich in oil and natural gas reserves, is often a focal point for geopolitical tensions and conflicts. With more than 45% of world oil consumption coming from the Middle East, any disruption in energy supplies could have a far-reaching impact on global markets. Unstable political conditions, such as conflicts in Syria, Yemen, and tensions between Iran and the Gulf countries, have caused drastic oil price fluctuations. For example, when the alliance of Saudi Arabia and the United Arab Emirates came into conflict with Qatar, crude oil prices experienced a spike. In addition, international sanctions against Iran contribute to market uncertainty, causing investors to look for alternatives and affecting the stability of energy prices. The impact of the energy crisis in the Middle East on the global economy is felt especially in the costs of transportation and consumer goods. The increase in crude oil prices resulted in inflation spreading to various sectors. Countries that rely heavily on energy imports, such as Japan and some European countries, feel the worst impact because they have to pay higher prices for the same resources. The renewable energy sector is attracting increasing attention as a response to dependence on oil and gas from the Middle East. Many countries are investing in green technologies, seeking to reduce carbon emissions while mitigating the risks associated with the energy crisis. However, this transition requires time and large investments, and there is currently still significant dependence on fossil energy sources. Large energy companies are also adapting to the crisis, shifting focus from developing conventional resources to exploring renewable energy. R&D in wind and solar power technologies is increasing, however, challenges remain to achieve the desired energy efficiency. In the context of the global economy, the impact of the energy crisis in the Middle East has been exacerbated by the COVID-19 pandemic. During the global shutdown, energy demand dropped drastically, forcing oil-producing countries to reduce production. As recovery began to emerge, a sudden surge in demand was met with strained production capacity, causing an unexpected spike in prices. Global financial markets are also affected by energy price volatility. Energy company shares, of course, experience fluctuations, which causes an impact on the overall stock market index. Ongoing uncertainty in the Middle East often causes investors to turn to assets that are considered safer, such as gold or government bonds. This energy crisis has created opportunities for non-traditional countries in the energy sector, such as Russia and the United States, which are trying to increase their oil and gas production. As a consequence, energy consuming countries are starting to look for diversification of energy sources to reduce the impact of a prolonged crisis. Overall, the energy crisis in the Middle East is not only detrimental to the region but also has major implications for the global economy. Uncertainty in supply, price fluctuations and the shift to renewable energy sources illustrate the complexity of the challenges that must be faced by all countries concerned. Over time, these dynamics will influence the economic and energy policies of countries around the world.