Iran war impact: Europe may see flight cancellations soon, IEA warns
AP News
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The head of the International Energy Agency warns Europe has about six weeks of jet fuel left.
In an interview Thursday, Fatih Birol expressed concerns about possible flight cancellations if oil supplies remain blocked by the Iran war.
He described the situation as the largest energy crisis ever faced, with significant global repercussions.
The Strait of Hormuz closure affects oil, gas, and other vital supplies.
Birol predicts higher gasoline, natural gas, and electricity prices worldwide.
Asian countries like Japan, Korea, and India are on the front line, with Europe and the Americas affected next.
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