The global energy crisis is currently a major concern for many countries in the world. Energy supply instability, fuel price spikes, and over-dependence on certain energy sources have created a significant impact on the global economy. One of the main factors causing the energy crisis is geopolitical tensions. For example, conflicts between oil-producing countries and sanctions policies implemented against several countries have triggered a spike in crude oil prices. This uncertainty directly impacts transportation and production costs, which ultimately triggers inflation in various parts of the world. Energy inflation also has a big impact on people’s purchasing power. Rising energy prices, including electricity and fuel, force consumers to reduce their spending in other sectors, such as food and consumer goods. This creates a domino effect that can hamper economic growth. For example, the retail sector is experiencing a decline in sales as consumers prefer to allocate their budgets to rising energy costs. On the other hand, the energy crisis encourages investment in renewable energy sources. Many countries have begun to switch from fossil energy to renewable energy in an effort to increase energy security and reduce dependence. Investments in clean energy technologies not only have the potential to create new jobs, but can also increase innovation and competitiveness in global markets. However, this transition is not without challenges. Countries that rely heavily on oil and gas as a primary source of income are having a hard time. For example, oil-producing countries experience declining revenues due to falling global demand and changes in energy policies, which can lead to economic instability. The impact of the global energy crisis is also visible in financial market volatility. Energy company stock prices often experience sharp fluctuations in response to changes in oil and gas prices. Investors tend to be more careful about investing in sectors that are vulnerable to rising energy costs and strict government regulations. Meanwhile, developing countries face greater challenges related to the energy crisis. Industrial sectors related to manufacturing could be directly affected by spikes in energy costs, potentially hampering economic growth and development. Energy supply instability can reduce their competitiveness in global markets, worsening economic conditions. In this context, international collaboration becomes very important. Countries need to work together to find sustainable solutions to the energy crisis. Technology and knowledge exchange between developed and developing countries can help accelerate the transition to renewable energy and strengthen energy security. It is also important to pay attention to the social impact of the energy crisis, especially among low-income households. Proactive government policies are needed to protect vulnerable groups from being further marginalized due to the rising cost of living. These efforts include energy subsidies, providing affordable energy alternatives, and social programs that support those most affected. In response to this crisis, innovation in the energy sector will be key. Energy storage technologies, energy efficiency and sustainable mobility solutions need to be improved to ensure that future energy needs can be met without harming the environment or the global economy.