Iran Conflict Creates Largest Energy Crisis in History
IEA head Fatih Birol said Tuesday that the Iran conflict has created the largest energy crisis in history. It follows disruptions in the Strait of Hormuz.
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The ongoing conflict involving Iran, the United States, and Israel has triggered what the International Energy Agency (IEA) describes as the most severe energy crisis in recorded history. Fatih Birol, the Executive Director of the IEA, warned on Tuesday that the current geopolitical instability is placing unprecedented pressure on global markets, surpassing the shocks seen during previous decades.
