IEA Warns War in Iran Triggering History’s Worst Energy Crisis for Oil and LNG Markets

Published on 24 April 2026

Strait of Hormuz disruption is hitting global oil flows

The International Energy Agency says the Iran US Israel conflict could trigger the worst energy crisis in history. It warns the disruption in maritime traffic through the Strait of Hormuz is already constraining global oil and LNG flows, compounding a tense oil and gas situation tied to Russia. The knock-on effect could quickly ripple into prices and supply.

IEA calls the crisis the worst in history
Strait of Hormuz disruption is cutting oil and LNG flows
Conflict worsens an existing Russia-linked petrol and gas strain
Global markets face rising supply risks from maritime delays

#geopolitics #strait of hormuz #lng #international energy agency #oil prices

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

IEA Warns War in Iran Triggering History’s Worst Energy Crisis for Oil and LNG Markets

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