IEA Warns 'Major Threat' as Deepening Oil Crisis Spreads Globally Amid War

• The International Energy Agency (IEA) warns of a "major threat" to the world economy due to the ongoing energy crisis linked to war.
• IEA head Fatih Birol stated that at least forty energy assets in nine Middle Eastern countries have been "severely or very severely" damaged.
• Birol compared the current situation to a combination of two oil crises and one gas crash, highlighting significant risks to the global economy.
• He emphasized that "no country will be immune" to the crisis's effects, necessitating global efforts.
• Tensions between the US and Iran, along with the effective blockage of the Strait of Hormuz, are exacerbating the crisis, impacting global oil and gas shipments.