Fatih Birol, the head of the International Energy Agency, has called this “the greatest global energy security threat in history” — much worse than the 1970s oil crisis, the Covid pandemic or Russia’s invasion of Ukraine in 2022. This conflict has disrupted a bigger share of the global oil and gas trade, and there is no way to quickly fill the gap.
#Iran #Trumpism #collapse #economics #oil #macroeconomics #war #Israel
https://www.nytimes.com/2026/04/01/opinion/oil-crisis-iran-electric-solar.html