ECONOMY — March 23, 2026
IEA Head Warns Closure of Strait of Hormuz Poses Serious Risk to Global Economy
Fatih Birol, head of the International Energy Agency, warned that the closure of the Strait of Hormuz and Middle East energy crisis from recent US-Israel-Iran clashes threaten the global economy. He highlighted damage to over 40 energy facilities, halted oil and gas transport, and surging prices, urging international action.
The Ehtebar Desk — originates with Hurriyat — 2 min read
The head of the International Energy Agency, Fatih Birol, has stated that the closure of the Strait of Hormuz and the ongoing energy crisis in the Middle East have placed the global economy at serious risk.
Birol referred to recent clashes involving the United States, Israel and Iran, noting that more than 40 energy facilities have suffered heavy damage. He warned that no country will remain unaffected by the crisis.
He drew parallels to the 1970s oil crisis and called for international efforts to find a quick solution.
The closure has led to a complete halt in oil and gas transport through the strait, resulting in unprecedented surges in global oil prices.
Read the original reporting at Hurriyat →
Reliability assessment
Single source provides direct, on-record attribution to named public figure Fatih Birol (head of IEA) with concrete details; 'X said Y' claims are reliably attributable.
The source language reads straight.
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Economy — Strait of Hormuz, Fatih Birol, International Energy Agency, Iran, oil prices
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