IEA chief warns of ‘very severe’ global energy crisis
IEA may release more oil as the Iran war hits supply, with chief Fatih Birol warning of a severe global energy crisis.
IEA chief warns of ‘very severe’ global energy crisis
IEA may release more oil as the Iran war hits supply, with chief Fatih Birol warning of a severe global energy crisis. Grouped from 3 articles across 2 sources.
FilterAl Jazeera
Clustered coverageAl Jazeera, The Guardian
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Iran war energy crisis equal to 70s twin oil shocks and fallout from Ukraine war, says IEA chief
Fatih Birol says effect on energy markets of Iran bombings and closure of Hormuz strait not initially understood by world leaders Middle East crisis live – latest updates The global energy crisis caused by the war in Iran is equivalent to the combined force of the twin oil shocks of the 1970s and the fallout of Russia’s invasion of Ukraine, the head of the International Energy Agency has warned. Fatih Birol , the IEA’s executive director, said the growing fallout could be seriously compounded through interuptions to the “vital arteries of the global economy”, including petrochemicals, fertilisers, sulfur and helium. Continue reading...
World in energy crisis worse than 1970s’ oil shocks combined, IEA head says
Energy crunch prompted by Iran war poses 'major threat' to global economy, Fatih Birol says.
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