ISTANBUL: The head of the International Energy Agency said on Thursday the interim agreement to end the U.S.-Iran war "made me and everyone happy" but the Strait of Hormuz must be reopened without conditions and negotiations must conclude in the next 60 days. Speaking in Istanbul, Fatih Birol said several countries are reviewing their energy policies now that it is clear that Hormuz has been closed once and could potentially be closed again.

There are many unresolved issues to be worked through over the next two months after a deal to end the conflict was signed electronically on Sunday.

The head of the International Energy Agency stressed that fully reopening the Strait of Hormuz is crucial for global economic stability. Record-high oil and gas prices are really…