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The Guardian - AU
The Guardian - AU
National
Kris Swales

Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star

IEA Oil International Energy Agency Fatih Birol Hormuz
International Energy Agency executive director Dr Fatih Birol
International Energy Agency executive director Fatih Birol speaks at the National Press Club in Canberra on Monday. Photograph: Lukas Coch/AAP

Good afternoon.

The global energy crisis caused by the war in Iran is equivalent to the combined force of the twin oil shocks of the 1970s and the fallout of Russia’s invasion of Ukraine, the head of the International Energy Agency has warned.

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