The nearly two-month-long conflict involving US, Israel and Iran has inflicted a heavy toll on global energy markets, erasing tens of billions of dollars in potential oil output and triggering one of the most severe supply disruptions in recent history. 

As uncertainty lingers despite tentative ceasefire signals, analysts warn that the fallout from the crisis will continue to ripple through oil-producing economies and global markets well beyond the immediate hostilities.

The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the aftershock of the crisis will be felt for months and even years to come, a Reuters report said quoting analysts and Reuters calculations.

Since the crisis began at the end of February, more than 500 million barrels of crude and condensate have been knocked out of the global market — the largest energy supply disruption in modern history., according to Kpler data. 

Put differently, 500 million barrels of oil lost to the market is equivalent to curtailing aviation demand globally for 10 weeks; no road travel by any vehicle worldwide for 11 days; or no oil for the global economy for five days, said Iain Mowat, principal analyst at Wood Mackenzie.

It also represents nearly a month of oil demand in the United States, or more than a month’s consumption for all of Europe, according to Reuters estimates.

It is enough fuel to run the world's international shipping industry for around four months.

Key facts:

* Gulf Arab countries lost about ​8 million barrels per day of crude production in March.

* Jet fuel exports from Saudi Arabia, Qatar, the United Arab Emirates, Kuwait, Bahrain and Oman fell from about 19.6 million barrels in February, to just 4.1 million barrels for March and April so far combined, according to Kpler data. The loss in exports would have been enough for around 20,000 round-trip flights between New York's JFK airport and London Heathrow, according to Reuters estimates.

* With crude prices averaging around $100 a ​barrel since the conflict began, those ​missing volumes represent roughly $50 billion ⁠in lost revenues, said Johannes Rauball, a senior crude analyst at Kpler.