Middle East crisis live: IEA chief says Iran war energy crunch worse than 1970s oil crises and Ukraine war combined

Fatih Birol says world is losing 11m barrels of oil per day, more than the 1973 and 1979 energy shocks combined; IRGC threatens to completely close strait of Hormuz if Trump acts on infrastructure threatsIran vows to destroy Middle East water and energy facilities if US attacks power plantsTurning for a moment to Vietnam and Russia, the two countries are expected to sign energy deals during Vietnamese prime minister Pham Minh Chinh’s four-day visit to Moscow that started on Sunday, Hanoi said.The two sides were expected to sign “important agreements“ focusing on energy, trade and investment, Vietnam’s government said in a statement late on Sunday. Continue reading...


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