Brief by Shorts91 Newsdesk / 03:24am on 23 Mar 2026,Monday International
The head of the International Energy Agency, Fatih Birol warned that the world could face its worst energy crisis in decades due to the escalating West Asia war, calling the situation “very severe.” He said global supply losses have reached 11 million barrels per day exceeding the scale of two major historical oil shocks combined. The disruption reflects mounting pressure on energy markets as conflict impacts production and critical transit routes. The warning from the International Energy Agency highlights rising risks of prolonged supply shortages, surging prices, and widespread economic consequences as instability deepens across the region and threatens global fuel security. (PC: X)
