IEA issues sternest warning: Blocking the Strait of Hormuz triggers the "strongest energy tsunami in history", with impacts far exceeding the sum of the previous three crises.

Fatih Birol, the Executive Director of the International Energy Agency (IEA), stated in an interview that the current oil and gas crisis caused by the blockade of the Strait of Hormuz is "more severe than the crises of 1973, 1979, and 2022 combined." In an interview released on Tuesday, he said, "The world has never experienced such a large-scale energy supply disruption." He mentioned that European countries, as well as Japan, Australia, and other countries, will be affected, but the developing countries are at the highest risk. These countries will face a dilemma of rising oil and gas prices, soaring food prices, and accelerating inflation. Birol stated that IEA member countries agreed last month to release some of their strategic reserves. Some of them have already been released, and the process is still ongoing. In response to the strikes by Israel and the United States, Iran has virtually completely blocked traffic in the Strait of Hormuz. Around 20% of global oil and gas is regularly transported through this strait, and the blockade has caused a surge in energy prices.