IAE chief: Iran war confirms fears of biggest ever energy crisis

The International Energy Agency (IEA) has stated that the world is facing its largest ever energy crisis. The head of the IEA said that oil markets and gas markets are experiencing difficulties, with oil prices over $120, putting pressure on many countries. The crisis is affecting not only oil and gas but also fertilizers, petrochemicals, and sulphur, posing a major energy and economic challenge.