Iran War Created Biggest Ever Energy Security Threat, IEA Says
The war in the Middle East and the closure of the Strait of Hormuz have created the largest energy security threat the world has ever faced, Fatih Birol, the executive director of the International Energy Agency (IEA), told CNBC on Thursday. “We are facing the biggest energy security threat in histo
The war in the Middle East and the closure of the Strait of Hormuz have created the largest energy security threat the world has ever faced, Fatih Birol, the executive director of the International Energy Agency (IEA), told CNBC on Thursday. “We are facing the biggest energy security threat in history,” Birol told CNBC, building on the IEA’s assessment at the start of the war that the Middle East war is creating the biggest supply disruption in the history of the oil market. “As of today, we’ve lost 13 million barrels…