Energy crunch prompted by Iran war poses ‘major threat’ to global economy, Fatih Birol says.
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The world is facing a worse energy crisis than the twin oil shocks of the 1970s and the fallout of the Ukraine war combined, the head of the International Energy Agency (IEA) has warned.
Speaking at a media event in Australia on Monday, IEA Executive Director Fatih Birol said the energy crunch prompted by the US-Israel war on Iran exceeded the 1973 and 1979 oil shocks and gas shortages stemming from Russia’s 2022 invasion of Ukraine put together.
