The global economy could face fresh headwinds if the disruption in the Strait of Hormuz continues for more than a few weeks, International Energy Agency (IEA) Executive Director Fatih Birol has warned, as attacks in the region threaten one of the world's most critical energy shipping routes.
Speaking on the sidelines of the Aspen Security Forum in Colorado, Birol said financial markets were increasingly anxious over the escalating conflict, which has disrupted the movement of oil, liquefied natural gas, fertilisers and other cargo through the strategic waterway, Bloomberg News reported.
