Prepare for Significant Rise in Energy Prices if Strait of Hormuz Remains Closed: IEA Chief Fatih Birol
Paris: Fatih Birol, Executive Director of the International Energy Agency (IEA), has warned that if the Strait of Hormuz is not reopened, the world should brace for a notable surge in energy prices.In his recent statement, Birol said the current situation is likely to cause severe volatility in markets, and consumers must prepare for upward…
