Mideast war threatens energy crisis worse than 1970s oil shocks, warns IEA chief
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The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the International Energy Agency warned on Monday, as Israel launched fresh strikes on Tehran and threatened weeks more fighting. As the war grinds into its fourth week, United States President Donald Trump threatened to “obliterate” Iranian power plants if Iran failed to reopen the Strait of Hormuz...
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The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the International Energy Agency warned on Monday, as Israel launched fresh strikes on Tehran and thr...