IEA Head Fatih Birol: World Faces Biggest Energy Crisis Due to US-Iran War
IEA head Fatih Birol stated that the world is experiencing the biggest energy crisis in history. This is due to disruptions from the US war against Iran, leading to oil prices exceeding 120 dollars.
International Energy Agency (IEA) Executive Director Fatih Birol stated that the world is facing the most extensive energy crisis in history. This is due to disruptions caused by the US war against Iran.
According to the IEA head, global oil and gas markets are currently experiencing a period of significant difficulties. Fatih Birol noted: «When I last looked, the oil price was over 120 dollars, which puts significant pressure on many countries. Our world faces a serious economic and energy challenge».
Brent crude oil prices surged to a four-year high on Thursday, April 30. This occurred amid fears that renewed hostilities could lead to even greater disruptions in energy supplies.