Iran war poses ‘greatest energy security threat in history’: International Energy Agency

The conflict involving Iran has triggered the most severe energy security crisis the world has ever seen, warned a top international energy official, Anadolu reports. Speaking to The Financial Times on Friday, International Energy Agency Executive Director Fatih Birol said the conflict represents “the greatest global energy security threat in history.” Birol, a Turkish economist and energy expert, pointed out that the current conflict has cut off twice the volume of gas that Europe lost from Russia in 2022, after the start of the Ukraine war. The Strait of Hormuz has effectively been blocked by Iranian threats to target vessels, halting “vital arteries” of the global economy, he said. Birol warned that markets and politicians are still underestimating the depth […]