The global energy crisis is a major issue that has a significant impact on the world economy. Energy supply instability, especially from the oil and gas sector, is triggered by various factors including geopolitical conflicts, climate change, and high increases in energy demand. The energy sector plays a central role in economic growth, and this crisis is causing far-reaching impacts that are being felt by all countries. The first impact of the energy crisis was a spike in energy prices. Rising crude oil prices cause the costs of transporting and producing goods to increase, which in turn causes inflation. Countries that depend on energy imports feel this effect more strongly, as they have to spend more money to meet energy needs, thereby draining national foreign exchange reserves. In many countries, rising energy costs are also hurting households. With increasing electricity tariffs and fuel prices, people’s purchasing power decreases. This causes a decline in domestic consumption which leads to slowing economic growth. Sectors that depend on energy, such as manufacturing and transportation, experience reduced productivity, which hurts the workforce and increases unemployment rates. Furthermore, energy supply uncertainty increases investment risks. Many companies, especially in the renewable energy sector, are making adjustments to their expansion plans. This uncertainty also affects foreign investors who are reluctant to invest in countries with high energy risks. Energy-producing countries, on the other hand, enjoy short-term benefits, but depend on the sustainability of their precarious era. The global energy crisis is also pushing countries to invest in renewable energy. With increasing awareness of climate change, many countries are turning to cleaner and more sustainable energy sources. Research and innovation in green technology can create new jobs, but this transition requires time and significant investment. There are also social impacts due to the energy crisis. Erratic energy availability can cause social and political instability, especially in developing countries that do not have strong infrastructure. People can become angry with the government for failing to address energy problems, triggering protests and dissatisfaction. Additionally, geopolitical tensions may increase due to competition for energy resources. Countries with abundant energy reserves often try to influence the policies of importing countries. This uncertainty triggers global economic losses and increases the risk of armed conflict. The global energy crisis is prompting calls for international collaboration. Countries are expected to work together towards policy-based solutions that support the clean energy transition. This includes agreements that could improve energy efficiency and encourage investment in renewable energy research. This crisis also illustrates the need to diversify energy sources. Relying on one or two energy sources makes the country vulnerable to market fluctuations. Therefore, energy diversification strategies must be the main focus in a country’s energy policy. This condition shows that the global energy crisis is not only a technical problem, but also a complex economic and social challenge. The government and private sector must prepare to face this challenge with innovative and responsive policies. Community involvement in creating positive change through increasing energy awareness is also very important. This would be an important step towards better energy security and a more stable economy.