IEA Warns World Has Just Weeks to Avoid Hormuz Economic Shock | HappeningNow.news
Published Date: July 16, 2026

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IEA Warns World Has Just Weeks to Avoid Hormuz Economic Shock

The world has just a few weeks before taking an economic toll from the re-escalation in the Middle East and the new halt to tanker traffi…

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The world has just a few weeks before taking an economic toll from the re-escalation in the Middle East and the new halt to tanker traffic through the Strait of Hormuz, according to Fatih Birol, the Executive Director of the International Energy Agency (IEA). The situation in the region has sharply deteriorated in the past week as Iran struck commercial ves…

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