Fatih Birol

Fatih Birol Warns Iran War Threatens Global Oil Supply, Pushes Shift to Renewables Fatih Birol Warns Iran War Threatens Global Oil Supply, Pushes Shift to Renewables

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Fatih Birol Warns Iran War Threatens Global Oil Supply, Pushes Shift to Renewables Fatih Birol Warns Iran War Threatens

The International Energy Agency chief warned that the war in Iran has triggered the largest energy security threat in history, with global oil supplies cut by 13 million barrels per day. Fatih Birol told the Guardian and Fortune in separate interviews that the Strait of Hormuz blockade — where neither Iran nor the U.S. Allows … Read more

European airlines warn of jet fuel shortages as Iran war drives long-haul fares up $105 per flight

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European airlines warn of jet fuel shortages as Iran war drives long-haul fares up $105 per flight

European airlines are facing a dual crisis as the Iran war disrupts jet fuel supplies and pushes ticket prices to record highs, with long-haul fares from Europe rising by an estimated $105 (90 euros) per flight since the conflict began. The surge in fuel costs stems from the near-closure of the Strait of Hormuz, through … Read more

IEA Warns Europe Faces Jet Fuel Shortages Within Six Weeks

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Why fuel reserves are hitting critical levels

Europe faces a window of roughly six weeks before jet fuel shortages trigger widespread flight cancellations, according to Fatih Birol, executive director of the International Energy Agency. The warning comes as the war between the U.S., Israel, and Iran continues to choke off vital energy supplies through the Strait of Hormuz, a critical export route … Read more