International Energy Agency head says global economy faces major threat

The head of the International Energy Agency head says the global economy faces a “major, major threat” because of the Iran war. Fatih Birol told Australia’s National Press Club in Canberra on Monday that the crisis in the Middle East has had a worse combined impact than the two oil shocks of the 1970s and the effect on gas markets of the Russia-Ukraine war. His comments came as Israel launched a new wave of attacks early Monday against Tehran