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IEA Head Cautions Europe on Russian Gas Re-engagement Amid Middle East Crisis
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IEA Chief Warns Europe: Don't Turn Back To Russian Gas Amid Middle East Crisis
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News18
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06-03-2026, 17:17
IEA Chief Warns Europe: Don't Turn Back To Russian Gas Amid Middle East Crisis
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IEA Executive Director Fatih Birol cautioned Europe against reconsidering reliance on Russian gas despite the escalating Middle East crisis.
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Attacks on energy infrastructure and shipping routes in the Gulf have raised energy security concerns in Europe.
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Birol stated there is no global oil shortage, with the market currently holding a "huge surplus" of supply capacity.
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The main issue affecting energy markets is logistics and transportation, not production, due to disruptions in conflict zones.
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Shipping through the Strait of Hormuz, a key global route, is severely affected, causing delays and higher transport costs.
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