The global energy crisis has become a very crucial issue in recent years, having a significant impact on the world economy. The main causes include political instability in energy-producing countries, climate change, and increasing energy demand due to population growth and industrialization. The impact of this crisis is clearly visible in various aspects of the economy. First, the spike in energy prices dramatically affected production costs across the sector. Rising oil and natural gas prices force companies to raise prices for goods and services, leading to inflation. High inflation has a direct impact on people’s purchasing power, which has the potential to reduce consumption and global economic growth. Second, dependence on fossil energy reveals the vulnerabilities of many countries. Countries with economies that rely heavily on oil exports, such as Saudi Arabia and Russia, experience sharp income fluctuations. In contrast, countries that import energy, such as Japan and a number of countries in Europe, face serious challenges in maintaining economic stability when global energy prices soar. Third, changes in energy policy occurred in response to this crisis. Many countries are starting to switch to renewable energy sources due to the need to reduce dependence on fossil energy and its environmental impact. This transition not only creates new investment opportunities, but also affects the labor market. Renewable energy companies, such as solar and wind, are experiencing increased demand and employment in the sector. Fourth, the energy crisis also encourages technological innovation. Companies around the world are investing in energy efficiency technologies and the development of alternative energy sources. For example, energy storage, such as lithium-based batteries, is a major concern to support optimal use of renewable energy. This not only helps reduce the carbon footprint, but also drives the growth of the high-tech sector. Fifth, the social impact of the energy crisis is also being felt. Families with lower incomes are more vulnerable to spikes in energy prices, which impact spending on basic needs. Social injustice could increase if government policies are not proactive in dealing with this crisis, exacerbating the gap between rich and poor. Sixth, international relations are also affected. Energy producing countries can take advantage of this crisis to strengthen their position in geopolitics. For example, Europe’s dependence on Russian gas increases political tensions that affect global trade and security. Finally, international collaboration is important to overcome this crisis. Trade policies that support renewable energy innovation and investment in global infrastructure can provide long-term solutions. International agreements on reducing greenhouse gas emissions are a fundamental aspect of the shift towards a more sustainable energy system. The global energy crisis is a multifaceted challenge that has far-reaching impacts on the world economy. From inflation to technological innovation, every country must be prepared to adapt and collaborate to create a more stable and sustainable energy system for a better future.