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International Business Times
International Business Times
World
Demian Bio

IEA Head Says Current Oil Prices Don't Show Gravity Of Threat To Energy Markets Posed By Iran War

Oil Fatih Birol Iran International Energy Agency International Monetary Fund the Middle East

International Energy Agency head Fatih Birol said on Tuesday that current oil prices don't fully show the gravity that energy markets face as a result of the war in Iran and the Middle East in general.

Speaking at the Semafor World Economy conference in Washington, Birol said that if the Strait of Hormuz is not opened soon oil prices could be much higher than the current ones.

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