EU entering winter with lowest gas reserves on record, IEA boss warns

International Energy Agency chief Fatih Birol warns that Europe is entering winter with gas reserves far below historical levels and cannot withstand further supply disruptions. The US-Israel war on Iran is disrupting supply chains through the Strait of Hormuz, where Iranian attacks on vessels have sharply reduced European liquefied natural gas imports. EU gas storage is 72 percent full, compared with the usual 90 percent, and a harsh winter could drive up prices even if peace returns to the Gulf.