The war in the Middle East ​is creating the biggest ‌oil supply disruption in the history of the global ​market, the International ​Energy Agency said on Thursday, ⁠a day after the ​agency agreed to release ​a record volume of oil from strategic stockpiles.

Middle East Gulf ​countries have cut total ​oil production by at least 10 ‌million ⁠bpd - a volume equal to almost 10% of world demand - as a ​result ​of ⁠the conflict, the agency said in ​its latest monthly oil ​market ⁠report. Without a rapid restart of shipping flows, ⁠these ​losses are set ​to increase, IEA said.