IEA Chief issues "final ultimatum of "a few weeks": If the Strait of Hormuz remains closed, the global economy will face a new shock.

According to the Wisdom Finance and Economics app, the head of the International Energy Agency (IEA), Fatih Birol, issued a stern warning at the Aspen Security Forum in Colorado on Wednesday: If the transportation in the Strait of Hormuz is not resolved within a few weeks, the global economy will once again face serious challenges. Birol pointed out that the escalation of the US-Iran conflict has already made the market "nervous and tense" and faces "enormous uncertainty," with the transportation of crude oil, fertilizer, natural gas, and other goods in this critical waterway all under severe threat.