IEA Head Warns of Volatile Energy Markets Amid Iran War
IEA head Fatih Birol warned that energy markets face volatility as the Iran war disrupts supply. He urged Canada to seek new energy trade partners as a result.
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International Energy Agency head Fatih Birol warned energy markets face "troubled waters" as the Iran war removes millions of daily oil barrels. Brent Crude Oil fluctuated between $96 and $102 on Thursday afternoon following conflicting reports of a potential peace deal. Continued volatility and supply chokes at the Strait of Hormuz threaten global energy security and price stability for investors.
