Middle East crisis live: IEA chief says Iran war energy crunch worse than 1970s oil crises and Ukraine war combined

Fatih Birol says world is losing 11m barrels of oil per day, more than the 1973 and 1979 energy shocks combined; IRGC threatens to completely close strait of Hormuz if Trump acts on infrastructure threatsIran vows to destroy Middle East water and energy facilities if US attacks power plantsSaudi Arabia says two more ballistic missiles have been fired towards the Riyadh area and it has intercepted one, while the other fell into an uninhabited area.Its defence ministry also said on X that it had intercepted a drone in the eastern region, as Iran continues attacks around the Gulf region in response to US-Israeli strikes. Continue reading...