International Energy Agency Director Fatih Birol warned on the 16th that if oil transportation through the Strait of Hormuz cannot be resumed within a few weeks, global energy security will turn red. According to information from the British side, Birol said at an event hosted by the American Foreign Relations Association that the safety of oil supply is still a key issue. If the situation in the Strait of Hormuz does not improve in the next few weeks, the world should be concerned. He said that the countermeasures taken by some countries “cannot last forever”; even if the US increases oil production drastically, it is far from enough to make up for the supply gap caused by the blockage of the Strait of Hormuz. Birol also pointed out that the oil supply crisis has impacted the global economy, and the high price of petroleum products has forced people in some developing countries to switch to alternative fuels such as wood, and its harmful emissions pose a threat to the health of local residents.

International Energy Agency Director Fatih Birol warned on the 16th that if oil transportation through the Strait of Hormuz cannot be resumed within a few weeks, global energy security will turn red. According to information from the British side, Birol said at an event hosted by the American Foreign Relations Association that the safety of oil supply is still a key issue. If the situation in the Strait of Hormuz does not improve in the next few weeks, the world should be concerned. He said that the countermeasures taken by some countries “cannot last forever”; even if the US increases oil production drastically, it is far from enough to make up for the supply gap caused by the blockage of the Strait of Hormuz. Birol also pointed out that the oil supply crisis has impacted the global economy, and the high price of petroleum products has forced people in some developing countries to switch to alternative fuels such as wood, and its harmful emissions pose a threat to the health of local residents.