WORLDglobal
Iran war threatens energy crisis worse than 1970s two oil shocks
Single source
Updated 2 hours ago
First seen March 23, 2026 20:16:59Stay on top of this story
Follow the names and topics behind it.
Add this story's key topics to your watchlist so LyscoNews can highlight related developments and future matches.
Create a free account to sync your watchlist, saved stories, and alerts across devices.
Quick Summary
The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the International Energy Agency (IEA) warned on Monday, as Israel launched fresh strikes on Tehran and threatened weeks more fighting. In a stark warning over what lies ahead unless the fighting ends soon, Fatih Birol said the world was losing more oil each day than the combined impact of the two 1970s oil shocks and Russia’s invasion of Ukraine. “This crisis as things stand is...