IEA Chief Fatih Birol commented on the energy market fallout from the Strait of Hormuz crisis during a conference in Santa Marta, involving Colombia.
5 reports, 4 independent
Updated Jul 24
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What happened
IEA Chief Fatih Birol commented on the energy market fallout from the Strait of Hormuz crisis during a conference in Santa Marta, involving Colombia.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.IEA reports on the impact of the Hormuz crisis on energy flows and the subsequent restoration of production.1 source
IEA Chief Birol discussed the energy market fallout from the Middle East crisis.1 source
IEA involved as Iran establishes a regulatory agency for strait operations.1 source
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The entities involved
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Fatih Birol
Turkish economist and energy expert
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International Energy Agency
autonomous intergovernmental organisation
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
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- The Hormuz crisis exacerbated high energy costs, highlighting the Philippines' reliance on Middle Eastern oil and the rise of new supply chain players.
- Conflict impacts oil flow through Hormuz while UAE pursues energy investments in Germany.
- The closure of the Strait of Hormuz has impacted global energy markets, leading to the removal of 10-12 million barrels a day of crude oil from global supplies.