IEA Chief Says Oil, Gas Recovery Could Take Two Years After War Damage

Persian Gulf oil production can take two years to recover from war: IEA chief

Both the US and Iran have increased oil exports since the start of the war, while oil production and exports from Gulf states have fallen

IEA Chief Says Oil, Gas Recovery Could Take Two Years After War Damage

It could take up to two years to restore a meaningful share of oil and gas production lost in the Iran war, according to International Energy Agency chief Fatih Birol. That timeline matters because markets are still treating the disruption as temporary. It isn’t. Oil fields, refineries, and pipelines have sustained damage across the Persian Gulf. The Strait of Hormuz has also been largely shut, cutting off a key export route for crude and fuels.…

Oil, Gas Recovery May Take Two Years After War, IEA's Birol Says

IEA chief says Mideast energy output may take 2 years to recover to pre-war levels

The IEA estimates Middle East energy production will take two years to recover to pre-war levels, primarily contingent on the reopening of the Strait of...

Loss Of Energy Output In MidEast Will Take About Two Years To Recover: IEA

Smoke billows from Saudi Aramco’s Ras Tanura oil refinery after a reported Iranian drone strike, amid the U.S.-Israel conflict with Iran, in Ras Tanura, Saudi Arabia, March 2, 2026. — Reuters  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 Zuercher Zeitung newspaper. “…