MINUTES
About Minutes
Back to latest

WorldIEA chief compares Strait of Hormuz crisis to a shattered vase

IEA Executive Director Fatih Birol called the disruption around the Strait of Hormuz a major energy crisis, saying its long-term damage to global energy markets cannot be fully repaired even if the waterway reopens. Transit has dropped from about 25 million barrels per day before February 2026 to roughly 15 million, sometimes 12–17 million.

Strait of Hormuzenergy crisisoil shipmentsglobal energy markets

TTASS★★★★★2026-08-21 19:00Original

IEA chief compares Strait of Hormuz crisis to a shattered vase
World
MAJOR