US EditionIEA Chief Says Middle East Energy Output May Take 2 Years to Recover to 'Pre-War Levels'
Fatih Birol said recovery times will vary by country as maritime security concerns threaten shipping and global energy supplies.
- On Friday, the International Energy Agency reported that Middle East energy production could take two years to restore following the war with Iran, with recovery timelines varying by nation based on infrastructure resilience.
- IEA Executive Director Fatih Birol noted recovery disparities across the region, stating, "In Iraq, for example, it will take much longer than in Saudi Arabia." He warned the global economy remains vulnerable, held "hostage by a few hundred armed men."
- Central Command forces are actively enforcing a large-scale maritime blockade targeting Iran's ports and coastline, involving more than 10,000 personnel, over a dozen naval vessels, and upwards of 100 aircraft.
- British Prime Minister Keir Starmer and French President Emmanuel Macron will host a virtual summit of leaders from around 40 countries to discuss reopening the Strait of Hormuz and securing vital shipping routes.
- With the current agreement between Washington and Tehran set to expire on April 22, President Donald Trump expressed optimism about ongoing negotiations, suggesting, "I'm not sure it needs to be extended.
15 Articles
15 Articles
The Nation
Anadolu AjansıIEA chief says Mideast energy output may take 2 years to recover to 'pre-war levels'
International Energy Agency (IEA) Executive Director Fatih Birol said on Friday that Middle East energy production may take around two years to return to pre-war levels,
Loss of energy output in MidEast will take about two years to recover: IEA
It will take about two years to recover the energy output lost in the Middle East from the conflict there, Fatih Birol, the head of the International Energy Agency, was quoted as saying on Friday in an interview with the Neue...
Even if peace is reached, restoring energy supplies won't be quick. How will this affect prices? If the Strait of Hormuz remains closed, global energy prices will rise significantly, and a quick return to normal won't be possible. As reported by RBC-Ukraine, citing Sky News, this was stated by Fatih Birol, Executive Director of the International Energy Agency (IEA). Read also: Will Oil Prices No Longer Fall? How Commodity Prices Will Rise and th…
IEA chief says Middle East energy output may take 2 years to recover to 'pre-war levels'
ISTANBUL: International Energy Agency (IEA) Executive Director Fatih Birol said on Friday that West Asia energy production may take around two years to return to pre-war levels, while signalling that further emergency stock releases remain under consideration.
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