IEA warns prolonged Middle East war could trigger energy crisis worse than 1970s shocks
The IEA chief cautioned that prolonged conflict in the Middle East could trigger a global energy shock surpassing the 1970s oil crises.
The head of the International Energy Agency warned Monday that the world could face an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on. The warning came as Israel launched fresh strikes on Tehran and threatened further action, raising fears of prolonged disruptions to oil and gas supplies.