The world is witnessing unprecedented turmoil in energy markets as tensions in the Middle East escalate beyond previous oil ...
Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting Israel and would cut production.
Supply disruptions, high prices, nervous markets — the war in Iran brings back memories of the oil crises of the 1970s. Back ...
The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the ...
The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair. His comments come as the Iran war enters its fourth week. Birol said the ...
IEA chief Fatih Birol says the Iran war has triggered an energy shock more severe than past crises, as the agency considers ...