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Iran war: World economy facing 'major threat,' IEA head says DW.comLive updates: Iran defiant as IEA warns energy crisis worse than 1970s oil shocks and Trump deadline looms CNNIran war energy crisis equal to 70s twin oil shocks and fallout from Ukraine war, says IEA chief The GuardianOver 40 Middle East Energy Assets ‘Severely Damaged,' IEA Says Bloomberg.comIEA
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A new phase targeting oil and gas infrastructure in the Persian Gulf threatens to hurt businesses and customers around the world for months or even years.
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World has come to depend on capital from the region more deeply than many realise
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World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel.
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