According to the news, why does IEA head Fatih Birol describe the current situation as the 'biggest energy crisis in history'?

Birol reaffirms that the world is facing its 'biggest energy crisis in history due to disruption caused by the conflict with Iran', citing severe difficulties in both oil and gas markets, with oil prices having reached over $120 per barrel—imposing 'a lot of pressure on many countries'—and Brent crude jumping to a four-year high amid fears the Iran war could worsen 'O/R' (likely referring to oil supply disruptions or broader energy market instability).

What specific market indicators does Birol cite to support his assessment of the severity of the current energy crisis?

Birol cites two concrete market indicators: first, 'the oil price was over $120', which he states is placing 'a lot of pressure on many countries'; second, Brent crude prices 'jumped to a four-year high on Thursday' due to concerns that the Iran war could 'worsen O/R'—a shorthand used in the text implying critical oil-related risks such as supply shortages, geopolitical escalation, or market volatility.

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IEA Head Birol Reaffirms World Facing Biggest Energy Crisis in History

Apr 30, 2026

IEA Head Fatih Birol stated the world faces its biggest energy crisis due to Iran conflict, noting oil prices over $120 and Brent crude hitting a four-year high amid market difficulties.

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