The global energy crisis triggered by escalating geopolitical tensions in the…

The global energy crisis triggered by escalating geopolitical tensions in the Middle East reveals fundamental structural vulnerabilities within the modern economic system, which remains heavily dependent on political stability and global energy distribution networks. Sharp increases in oil prices, rising inflationary pressures, disruptions in supply chains, and the growing risk of stagflation highlight that energy is not merely an economic commodity, but a strategic foundation of global economic stability. Indonesia, as a country still reliant on imported energy, faces significant challenges in fiscal sustainability, monetary stability, and social welfare. This article aims to examine the global energy crisis through the lens of Islamic economics as a systemic and alternative framework. Using a conceptual and analytical approach, this study argues that principles such as public ownership, trust-based governance, equitable wealth distribution, and the limitation of speculative practices can provide a foundation for a more stable, inclusive, and sustainable energy system.

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