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The Latest Breaking News from the International Energy Agency

Newsletter: ‘A dangerous place’, Magyar’s moment and Europe’s mouthpiece

As the International Energy Agency warns of the fallout from sky-high energy prices prompted by the war in the Middle East, the Hungarian Prime Minister Péter Magyar comes to town aiming to unlock billions of frozen EU funds – while the bloc thrashes out whether to speak to Moscow.

Euronews

Exclusive: IEA chief Birol warns Europe easing Russian energy sanctions would be 'major mistake'

IEA chief says “knocking on Russia’s door” would be a repeat of past mistakes, even as the EU is rattled by a price shock stemming from the Strait of Hormuz shutdown. Agency warns of "biggest energy security crisis ever".

Euronews

World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA

The world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The International Energy Agency warns this will reshape global investment, mirroring the 1970s oil shocks. While renewables and nuclear power see growth, natural gas and even coal are experiencing a resurgence…

The Economic Times

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Govt vows to boost standing with IEA

Paris: Thailand has pledged to deepen cooperation with the International Energy Agency (IEA) across all dimensions as part of efforts to strengthen energy security and address the global energy crisis.

Bangkok Post

China Expands Rare Earth Controls, Raising Fresh Concerns for EV and Chip Supply Chains

Explore how China's new regulations on rare earth minerals are impacting global supply chains and increasing costs for Western industries. Discover US and EU efforts to reduce reliance on China.

International Business Times UK

4 reasons the ‘largest energy crisis’ on record has been held at bay – and why there’s pain to come

The US-Israel war with Iran was predicted to cause the worst energy crisis in history, according to the International Energy Agency.

The Conversation

Donald Trump: Green energy's savior?

The president has unintentionally set off an international scramble for renewable energy due to his war in Iran

Salon

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China dominates the minerals that power AI. But one company claims there's enough supply on the ocean floor to last for hundreds of years

Potato-sized mineral balls on the ocean floor may be an answer to easing the U.S.’s reliance on Chinese minerals.

Fortune

Oil stocks drain at record pace as IEA warns of renewed price swings

The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.

Euronews

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply is set to fall short of demand this year, with the Iran war severely impacting Middle East production. The International Energy Agency reports significant supply losses and a projected deficit of 1.78 million barrels per day by 2026. Demand is also expected to decline due to price…

The Economic Times

US Gas Prices Have Jumped 50% Since Beginning Of Iran War As Supply Shock Pushes Costs Higher

The International Energy Agency described the situation as one of the most severe disruptions to global oil markets in recent history.

International Business Times

One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC

UMass Amherst economist Gregor Semieniuk says the U.S. is the most powerful country to make the idea work.

Fortune

Fuel Costs Soar for Air France-KLM as Middle East Conflict Triggers Urgent $2.4 Billion Budget Warning

European airline group Air France-KLM has raised prices as fuel costs surge amid the Iran war, while warnings from the International Energy Agency highlight fears Europe could face jet fuel shortages within weeks.

International Business Times UK

Why The APR1400 Nuclear Reactor Is an Answer for American Energy

The International Energy Agency has projected that global data center electricity consumption will more than double by 2030, with the United States accounting for the largest share of that growth.

International Business Times

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International Business Times

Energy Output In Middle East Will Take About Two Years To Recover, IEA Chief Says

Energy output in the Middle East could take two years to go back to pre-war levels, according to the head of the International Energy Agency.

International Business Times UK

Europe Is on the Brink With Only About Six Weeks of Jet Fuel Left: IEA Energy Chief Issues Dire Warning

Europe may face flight cancellations as jet fuel supplies dwindle due to the Iran conflict and Strait of Hormuz closure, warns the International Energy Agency.

Evening Standard

Europe has six weeks’ supply of jet fuel left, energy boss warns

Fatih Birol, executive director of the International Energy Agency, warned there could be flight cancellations ‘soon’.

Evening Standard

Summer holidays alert: Flights face being cancelled as Europe 'runs out' of jet fuel in six weeks

‘Soon we will hear the news that some of the flights from city A to city B might be cancelled as a result of lack of jet fuel,’ says Fatih Birol, director of the International Energy Agency

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The Independent UK

Energy chief warns of flight cancellations as Europe has just ‘six weeks of jet fuel left’

The International Energy Agency chief warned flight cancellations could begin ‘soon’ if oil supplies remain blocked

Fortune

Oil prices may be falling, but for the wrong reason: ‘Demand destruction’ throttling global consumption, report finds

The International Energy Agency said oil demand is projected to contract by 80,000 barrels per day in 2026.

International Business Times

IEA Warns Of Oil Demand Decline As Strait Of Hormuz Crisis Reshapes Global Outlook

The IEA says escalating tensions in the Middle East and restricted flows through the Strait of Hormuz are weighing heavily on global consumption forecasts.

The Independent UK

Global energy system will be ‘profoundly transformed’ by Iran war, watchdog says

International Energy Agency chief says current shock driven by Iran’s blockade of Strait of Hormuz will accelerate shift towards renewable and nuclear power

The Conversation

The government has boxed itself in over fuel saving strategies – but there is a way out

While the government works to reassure New Zealanders that fuel stocks are stable, the numbers tell an uncomfortable story: the country has about 27 days of onshore cover for petrol and 17 days of diesel.

Barchart

Crude Prices Soar as Iran War Keeps Strait of Hormuz Closed

May WTI crude oil (CLK26 ) on Thursday closed up +11.42 (+11.41%), and May RBOB gasoline (RBK26 ) closed up +0.1966 (+6.36%). Crude oil and gasoline prices rallied sharply on Thursday, with crude posting a 3.5-week high. Crude prices are soaring after President Trump pledged more aggressive action against Iran...

Barchart

Crude Prices Surge as President Trump Vows to Escalate Iran War

May WTI crude oil (CLK26 ) today is up +10.20 (+10.19%), and May RBOB gasoline (RBK26 ) is up +0.1174 (+3.80%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.5-week high. Crude prices are rallying after President Trump pledged more aggressive action against Iran over...

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