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