IEA Chief: Current Energy Crisis Worse Than 1973, 1979, and 2022 Combined

The current energy crisis is worse than the oil and gas crises of 1973, 1979, and 2022 taken together, as we are witnessing an unprecedented supply shock from the key exporting region, the Middle East, according to Fatih Birol, the executive director of the International Energy Agency (IEA). “The world has never experienced disruption to energy supply of such magnitude,” Birol told French newspaper Le Figaro in an interview published on Tuesday. The ongoing crisis with the blocked Strait of Hormuz is “more serious than the ones…