Iran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, says IEA chief | First Thing
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The head of the International Energy Agency (IEA) stated that a war in Iran and the closure of the Strait of Hormuz would create an energy crisis equivalent to the combined impact of the 1970s oil shocks and the Ukraine invasion fallout. This assessment suggests a potentially severe disruption to global energy markets. The Iranian government is threatening to lay mines across the entire Gulf if its coasts are attacked. Former CIA chief Leon Panetta criticized Donald Trump's approach to Iran, calling it a message of weakness. The situation is ongoing, and further developments are being monitored.
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AI-ExtractedAircraft hit the fire truck while travelling at about 24mph.
Iran's government is threatening to lay mines across entire Gulf if its coasts are attacked.
Global energy crisis caused by war in Iran is equivalent to the combined force of the twin oil shocks of the 1970s and the fallout from Russia’s invasion of Ukraine.
US president is “sending a message of weakness” to the world.
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