23-March-2026
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Economy News
 
'Crisis worse than two 1970s oil shocks put together': IEA chief's big warning on Strait of Hormuz
23-Mar-2026

The ongoing war in the Middle East has triggered an energy crisis for the world and "no country is immune" to its shockwaves, the International Energy Agency (IEA) warned on Monday. Addressing the National Press Club in Australia's capital, Birol said the current situation has evolved into an unprecedented disruption, combining multiple shocks to oil and gas supplies.

News Source:- https://timesofindia.indiatimes.com/business/international-business/crisis-worse-than-two-1970s-oil-shocks-put-together-iea-chiefs-big-warning-on-strait-of-hormuz/articleshow/129741973.cms