Global Economy Faces Major Threat Amid Worsening Energy Crisis: IEA Chief

• IEA Chief Fatih Birol warns of one of the most severe energy crises in decades due to escalating Middle East conflict.
• At least 40 energy assets in the Middle East severely damaged, raising concerns over global energy supply stability.
• Birol states the crisis combines multiple shocks, likening it to "two oil crises and one gas crash put all together."
• Damage to Middle East infrastructure could disrupt markets, causing price volatility and supply shortages globally.
• Current crisis is more complex than past disruptions, combining oil and gas issues, amplifying risks for the global economy.