IEA Chief Says Europe Erred by Moving Away From Nuclear
IEA head Fatih Birol said Europe made a mistake by moving away from nuclear power. His remarks come as oil prices rise amid the Iran war and trade disruptions.
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International Energy Agency head Fatih Birol said Europe erred by abandoning nuclear power as Brent Crude Oil futures rose above $101. The comments follow a surge in energy prices after the Iran war and the effective closure of the Strait of Hormuz. For investors, the shift highlights a potential policy reversal toward nuclear energy to stabilize power costs and supply.
