The head of the International Energy Agency (IEA) has issued a stark warning that while international fuel supplies remain secure for now, the latest attacks on tankers near the Strait of Hormuz show that Europe's dependence on imported fossil fuels continues to threaten its economy.
"The entire world should be prepared for the worst case, which we hope will not materialise, but we really need to be prepared for the worst case scenario," IEA chief Fatih Birol told Euronews, referring to a complete blockade of the strait, through which flows 20 percent of the world's oil and gas transit.
