French energy giant TotalEnergies has halted approximately 15% of its global production following the outbreak of war in Iran, with major shutdowns reported in the UAE, Qatar, and Iraq.

Production Suspension

TotalEnergies confirmed a 15% cut in global oil and gas output due to the conflict in Iran and the Persian Gulf.

Regional Impact

Operations in the UAE, Qatar, and Iraq are heavily affected, with UAE offshore production completely shut down.

Market Reaction

Global LNG prices are surging in Asia and Europe, though rising oil prices may offset the company's financial losses.

Operational Exceptions

The SATORP refinery in Saudi Arabia remains operational despite the regional instability.

TotalEnergies suspended approximately 15% of its global oil and gas production following the outbreak of war in Iran. The French energy giant confirmed on March 12, 2026, that the conflict has forced a significant halt in operations across several key Persian Gulf countries. Production facilities in the United Arab Emirates, Qatar, and Iraq are among those most heavily impacted by the regional instability. The company specifically noted that its offshore operations in the UAE have been completely shut down as a safety precaution. This disruption represents a major shift in the global energy market as one of the world's largest supermajors grapples with direct combat zones.

Patrick Jean Pouyanné, the Chairman and CEO of TotalEnergies, indicated that the company is monitoring the situation closely while adjusting its global strategy. Despite the substantial loss in volume, the firm expects that the subsequent surge in global oil prices will help compensate for the financial impact of the production gap. Analysts noted that the 15% reduction is a primary numerical consequence of the escalating US-Iran conflict. The company has not yet provided a specific timeline for when operations might resume in the affected areas. Internal reports suggest that the safety of personnel and the integrity of infrastructure remain the immediate priorities for the Paris-based corporation.

TotalEnergies was founded in 1924 and has grown into a multinational integrated energy company with operations spanning exploration, production, and power generation. The company has historically maintained a strong presence in the Middle East, particularly through long-term concessions and partnerships in the Gulf states. Previous regional conflicts, such as the 1980-1988 Iran-Iraq War and the 1990-1991 Gulf War, have similarly disrupted energy exports from the region for extended periods. The current suspension marks one of the most significant single-event production halts in the company's modern history. The war has already triggered fuel rationing for vehicles and the closure of universities in some neighboring regions as supplies tighten. International markets have reacted sharply to the news, with arbitrage opportunities opening up from Western suppliers to replace lost Qatari liquefied natural gas. 15 (percent) — total global oil and gas production suspended Escalation of Energy Disruptions: — ; — ; —