Biggest Energy Crisis in History Looms, IEA Warns
IEA warns the biggest energy crisis in history may be nearing, citing a market-geopolitics disconnect and risks of shocks and rationing.
14 Apr 2026
IEA warns the biggest energy crisis in history may be nearing, citing a market-geopolitics disconnect and risks of shocks and rationing.
IEA chief Fatih Birol said the agency is consulting Asia and Europe on further emergency oil releases if needed.
The IEA authorized its largest-ever oil release of 400 million barrels to counter market shocks from the Strait of Hormuz closure.