Global Economy To Enter ‘Red Zone’? IEA Sounds Alarm Over Continued Hormuz Disruptions
Last Updated:June 02, 2026, 5:39 PM IST IEA chief Fatih Birol said the world is quickly running out of the buffers that have prevented a sharper oil shock from the “largest energy crisis in history” in West Asia. Executive Director of the International Energy Agency (IEA) Fatih Birol. (Reuters) With commercial shipping through the vital…