Energy crunch prompted by Iran war poses 'major threat' to global economy, Fatih Birol says.

One expert says that the continued closure of the Strait of Hormuz would be not recessionary, but depressionary.

Fatih Birol says effect on energy markets of Iran bombings and closure of Hormuz strait not initially understood by world leaders

El director ejecutivo de la Agencia Internacional de la Energía (AIE), Fatih Birol, advirtió que la actual crisis energética es "muy grave" y supera a la de 1970.

Energy crunch prompted by Iran war poses 'major threat' to global economy, Fatih Birol says.

The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair.

Fatih Birol said world leaders were underestimating the impact the war in the Middle East would have on energy prices

Shell CEO Wael Sawan warns Europe will be next to face an energy supply crunch.