Strait of Hormuz Critical to Crisis Solution

Fatih Birol warned of worst energy crisis, called 'very severe' on March 23, 2026.
40 energy assets damaged in nine countries due to Israel's strikes and Iran's Hormuz blockade.
IEA consulting governments in Asia and Europe on releasing 400 million barrels from reserves.
Birol warned of heightened risks, no country will be immune.
Crisis worse than 1970s oil shocks and Russia-Ukraine war.
Opening Hormuz is key solution to crisis.

Energy | Geopolitics | Crisis

Strait of Hormuz

Fatih Birol

3 weeks ago