Fatih Birol said world leaders were underestimating the impact the war in the Middle East would have on energy prices
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Fatih Birol said world leaders were underestimating the impact the war in the Middle East would have on energy prices
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Work from home, avoid air travel to deal with higher energy prices, IEA says
Fatih Birol says effect on energy markets of Iran bombings and closure of Hormuz strait not initially understood by world leaders
UK drivers have already paid an extra £307m for petrol and diesel since the war in Iran began
Energy crunch prompted by Iran war poses 'major threat' to global economy, Fatih Birol says.
The economic impacts of the Iran war are set to be felt across the world, including in UK households
As the price of oil continues to soar, countries reliant on importing the substances are having to take emergency measures
The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.
