We are facing the largest energy shock in living memory, the energy boss warned

Brent crude tops $100 as the Iran war disrupts Strait of Hormuz oil flows. G7 releases 400M barrels from reserves ahead of peak travel season demand.

IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional reopening of the Strait of Hormuz.

The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and depleting stocks could push the oil market into the

While a surplus of oil in the market before the war has helped absorb the energy shock it caused, "stocks are eroding", said Fatih Birol.

La AIE alertó sobre un posible escenario de escasez de petróleo durante la temporada alta de viajes, cuando aumenta significativamente la demanda mundial de combustible

Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August

The oil market is heading into what Fatih Birol calls the "red zone" this summer.

Saat ini persediaan minyak terus terkikis. Di sisi lain, tidak ada pasokan minyak baru yang mengalir dari Timur Tengah akibat krisis Selat Hormuz.

We are facing the largest energy shock in living memory, the energy boss warned

IEA warns Hormuz Strait crisis could push global oil markets into a ‘red zone’, draining emergency reserves and driving up fuel prices worldwide.

Global supplies are tightening as Middle East disruption continues, raising the prospect of shortages, rationing and fresh pressure to boost North Sea production