Confronting the ‘largest energy security threat’ | Business and Economy | Al Jazeera

The head of the International Energy Agency, Fatih Birol, states that the world is facing the biggest energy crisis ever, driven by the US-Israel war on Iran. The conflict has disrupted global shipping through the Strait of Hormuz, a vital waterway for 20% of the world's oil and liquefied natural gas, leading to soaring fuel prices and supply chain disruptions. Despite the use of strategic reserves by G7 countries and the IEA, the crisis persists, with ongoing tensions in the Middle East threatening further economic impact.