Good morning. The global energy crisis caused by the war in Iran is equivalent to the combined force of the twin oil shocks of the 1970s and the fallout from Russia’s invasion of Ukraine, the head of the International Energy Agency has said. Fatih Birol, the IEA’s executive director, said the growing crisis could be seriously compounded through interruptions to the “vital arteries of the global economy”, including petrochemicals, fertilisers, sulphur and helium. He said the depth of the problems had not initially been properly understood by world leaders. Meanwhile, global stock markets dropped sharply today after Donald Trump threatened
Trump backtracks on Iran’s deadline to reopen Strait of Hormuz
...
Read moreDetails
