International Energy Agency Director Birol: Disruption in the Strait of Hormuz Has Already Impacted the Economy and Consumers

Odaily News: International Energy Agency Director Birol stated that the disruption in the Strait of Hormuz has already impacted the economy and consumers. The IEA's swift action has had a "calming" effect on the market. Despite the massive release of reserves, there is still a significant amount of inventory available, and more can be done if needed. If the conflict persists for a longer period, preparations must be made. (Jin10)