Day News Recap: Riyadh airport attacks widen Middle East tensions as energy shock deepens
Saudi Arabia said it would respond seriously after Houthi attacks on King Khalid International Airport in Riyadh, where two strikes left 14 people dead and more than 300 injured, according to the civil aviation authority. The airport was also suspended as Gulf allies voiced support for a stronger security response. π πThe escalation comes as the International Energy Agency warned the world is facing the biggest energy crisis ever, with disruption from the Iran, US war now stretching beyond seven months. Iran also threatened to disrupt US and UAE oil shuttle operations in the Strait of Hormuz, while diesel markets... [Continue Reading]
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Global energy crisis deepens as IEA warns of prolonged strain from Iran-US war
The head of the International Energy Agency has said the world is facing the biggest energy crisis ever, with the disruption now stretching beyond seven months and little sign of relief. Fatih Birol said the US-Israel war on Iran has helped drive the crisis by disrupting shipping in the Strait of Hormuz, a waterway that carries about 20% of the world's oil and liquefied natural gas. He said the result has been higher fuel prices, interrupted supply chains and growing concern about a serious energy shortage.Birol said global oil stocks are falling fast, while governments have already been forced to... [Continue Reading]

