The global energy crisis has become a hot topic that has significantly affected the world economy. Since 2022, rising energy prices, supply instability and ever-increasing demand have created serious challenges for countries around the world. As a result, the impact is felt in various economic sectors, from industry to households. One of the most obvious impacts of this energy crisis is increasing inflation. With energy prices, such as gas and oil, soaring, the costs of producing goods and services also rise. In several countries, inflation soared to double digits, resulting in a decline in people’s purchasing power. These increases in raw material prices are often passed on to consumers, resulting in a spike in the cost of living that begins to burden many families. Not only that, the transportation sector is also not immune from the impact of this crisis. The cost of shipping goods has increased, causing product distribution to become more expensive. The logistics sector is facing challenges due to high fuel prices, impacting shipping costs and, subsequently, the price of goods on the market. This has a negative impact on international trade and can slow global economic growth. The renewable energy sector is receiving more attention in response to this crisis. Many countries are starting to turn to alternative energy solutions to reduce dependence on fossil oil and gas. Massive investment in renewable energy, such as solar and wind, is seen in various parts of the world. Thus, although this crisis is painful in the short term, it can trigger a transformation towards a more sustainable economy in the long term. The energy crisis has also deepened geopolitical tensions. Dependence on energy from a particular country causes uncertainty and diplomatic conflict. Energy importing countries try to diversify energy sources so that they are not affected by price fluctuations and political conditions in exporting countries. This can lead to significant changes in global alliances and strategies. In several regions, especially developing countries, the energy crisis is increasingly complicating social and economic conditions. With a limited budget, the government is faced with a dilemma between energy subsidies for the people and investment in other sectors. The inability to provide affordable energy deepens poverty and social injustice, creating additional challenges to political and social stability. Big companies are not standing still. Many are reevaluating their business strategies and investing in energy efficiency and technological innovation. Industry players are increasingly realizing that sustainability and reducing carbon emissions are not only important for the environment, but can also contribute to reduced operational costs in the long term. The global energy crisis requires collaboration between countries to find long-term solutions. International meetings and conferences on climate change are being held more frequently, indicating that countries are now aware of the urgency of the issue. Energy diplomacy is the key to building cooperation and mutual benefits for all countries. With all the impacts being felt, it is clear that the global energy crisis requires rapid and collaborative action. Success in overcoming these challenges can open up opportunities for innovation and a transition to a greener economy. While navigating this crisis, each country needs to be able to support its people while adapting to the ever-changing global environment.