“In the past there was a group called ‘Dire Straits.’ It’s a dire strait now, & it is going to have major implications for the #GlobalEconomy. And the longer it goes, the worse it will be for the economic growth & #inflation around the world,” he said.

The impact will be “higher #petrol (#gasoline) prices, higher #gas prices, high #electricity #prices,” Birol told the AP, speaking in his Paris office looking out over the Eiffel Tower.

#IranWar #war #Trump #law #economy #energy #EnergyCrisis