The current global energy crisis has triggered significant price increases in various sectors, and the impact is being felt throughout the world. This crisis is caused by several key interrelated factors, including geopolitical tensions, post-pandemic economic recovery, and increasing demand for renewable energy. First, geopolitical tensions, especially between oil-producing countries, are a major factor. Conflicts such as the Russia-Ukraine tensions have disrupted energy supplies from one of the world’s largest oil producers. International sanctions against Russia have caused a spike in crude oil prices that has affected global energy costs. Research shows that when Brent Crude records price increases, the transportation and distribution sectors immediately respond with price adjustments. Second, the global economic recovery after the COVID-19 pandemic has resulted in a surge in energy demand. Countries are starting to reopen sectors of their economies, increasing overall energy consumption. According to a report from the International Energy Agency (IEA), oil demand is expected to increase along with economic growth. This increase in demand contributes to price pressure, considering that many countries are still experiencing limitations in production capacity. Furthermore, the transition towards renewable energy also plays an important role. Despite the growth of renewable energy sources such as solar and wind, infrastructure and technology are not yet fully ready to meet global demand. Building green energy projects requires large investments, and currently, dependence on fossil fuels remains high. Recent reports show that despite increasing investment in renewable energy, supply chain and resource issues remain obstacles. In addition, rising energy prices have an impact on overall inflation. Energy costs affect the prices of goods and services, creating a domino effect throughout the economy. For example, higher transportation costs impact the prices of food and other consumer goods. Central banks in various countries are now facing the challenge of stabilizing inflation, with some countries considering raising interest rates as a precautionary measure. Meanwhile, the industrial sector also felt a significant impact due to rising energy costs. Companies that rely on traditional energy are under pressure to increase efficiency while reducing their carbon emissions. Many companies are starting to invest in energy efficiency technologies to reduce their dependence on expensive energy sources. Rising energy prices also have far-reaching social impacts, with rising utility rates affecting low-income households. Many states or localities around the world are seeking to provide subsidies or assistance to help communities cope with surging costs. This policy is often the subject of public debate, relating to priorities for budget use. Looking ahead, forecasts suggest that global energy markets will continue to fluctuate in the short term. This price increase could be an opportunity for technological innovation and sustainable environmental development. Efforts to increase energy efficiency and diversify energy sources will be key in facing this challenge. The government and private sector need to work together to create policies that support a more stable and sustainable energy transition.