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Iran threatens energy crisis worse than 1970s oil shocks as war escalates
7 articles |
Updated 1h ago |
Created 5h ago
The International Atomic Energy Agency has warned that the ongoing conflict between Israel and Hezbollah could trigger an unprecedented global shortage of natural gas, surpassing even the severity seen during previous crises.
Key Points
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1The head of the International Energy Agency warned that a prolonged Middle East war could trigger an energy crisis worse than both 1970s oil shocks combined.
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2Iran has promised to attack power plants in the Gulf following new ultimatums from Donald Trump, which Israel is threatening with fresh strikes on Tehran.
Developments
Mar 23
The head of IEA warned Monday that a prolonged Middle East war could cause an energy crisis worse than both oil shocks combined in the '70s. (Al-monitor)
Mideast war threatens energy crisis worse than 1970s oil shocks
Al-monitor
3h ago
The head of the International Energy Agency warned that a prolonged conflict in the Middle East threatens to cause an energy crisis worse than both 1970s oil shocks combined, with daily losses exceeding those events. President Trump has threatened military action against Iran if it does not reopen the Strait of Hormuz within two days while Tehran retaliates by threatening infrastructure destruction and restricting vessel passage through the waterway.
Guerre au Moyen-Orient: L’AIE met en garde contre une grave crise de l’énergie
Partner-feeds.publishing.tamedia.ch
3h ago