June 06, 2026
The current crisis is being seen as worse than those in 1973, 1979, 2022 combined
Fatih Birol warns of the worst energy shock ever with over 80 Middle East facilities damaged
World has never seen an energy supply disruption of this scale, Fatih Birol says
He describes the crisis in the Middle East as "very severe"
The US-Israel war with Iran has driven up energy prices, causing concerns over inflation across the world
Over 400 million barrels will be released to markets
The US has issued a 30-day waiver for purchases of sanctioned Russian oil
