The IEA chief warns that a severe energy crisis looms, potentially more impactful than the oil shocks of the 1970s, due to tensions in the Strait of Hormuz.
Trump has decided to delay military strikes on Iran’s power plants for five days after productive talks, intensifying the ongoing geopolitical tensions.
Iran’s alleged $2 million fee for ships in the Strait of Hormuz raises concerns. Official sources deny these claims, yet implications for global trade remain significant.