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International Energy Agency

A tanker sits anchored in the Strait of Hormuz off the coast of Qeshm Island, Iran, April 18, 2026. (AP Photo/Asghar Besharati)
April 21, 2026, 1:35 pm
Iran war creating worst energy crisis ‘in history,’ says International Energy Agency
Strait of Hormuz closure, coupled with energy-related fallout from Ukraine war, becoming world’s ‘biggest crisis’ ever, IEA chief says; jet fuel price hikes may cost travelers
By Reuters
International Energy Agency Executive Director Fatih Birol speaks at the National Press Club in Canberra, Australia, Monday, March 23, 2026. (Lukas Coch/AAP Image via AP)
March 23, 2026, 1:14 pm
IEA chief: Energy crisis due to Iran war a ‘major, major threat’ to global economy
Closure of the Strait of Hormuz and attacks on energy infrastructure more disruptive than 1970s oil shocks, Birol says; Trump and Iran threaten to start targeting power plants
By CHARLOTTE GRAHAM-McLAY
This photograph shows the Bunkering Tanker GAS VITALITY (L) and the Oil and Chemical Tanker HAFNIA MAGELLAN waiting in the Grand Port Maritime de Marseille-Fos, off the Mediterranean coast of southern France on March 11, 2026. (Thibaud MORITZ / AFP)
March 11, 2026, 7:28 pm
400 million barrels to be released from oil reserves as Iran effectively blocks Strait of Hormuz
Release is largest in history of International Energy Agency, which touts ‘major action aiming to alleviate the immediate impacts,’ as Tehran targets ships, oil fields, refineries
By Agencies
File: A natural gas refinery at the South Pars gas field on the northern coast of the Persian Gulf, in Asaluyeh, Iran, on March 16, 2019. (Vahid Salemi/AP)
June 19, 2025, 12:11 pm
Why Israel-Iran tensions might not raise prices at the pump as much as feared
In post-COVID recovery, OPEC has millions of barrels of oil available, while International Energy Agency has another million in reserve
By Reuters and ToI Staff
Saudi Arabia's new Energy Minister Prince Abdulaziz bin Salman, center, and United Arab Emirates Energy Minister Suhail al-Mazrouei, right, walk through an energy exhibition in Abu Dhabi, United Arab Emirates, September 9, 2019. (Jon Gambrell/AP)
September 17, 2019, 7:50 pm
New Saudi minister quips oil outlook could drive him to Prozac
Prince Abdulaziz bin Salman makes light of situation at international energy forum amid growing concerns about health of global oil market
By AFP
This June 27, 2017, file photo shows an oil rig at sunset in Midland, Texas. (Steve Gonzales/Houston Chronicle via AP, File)
January 19, 2018, 1:22 pm
US oil output is booming and seen outpacing Saudis, Russia
Crude production in US at highest level in 50 years, putting it ‘neck-and-neck with Saudi Arabia’
By AFP and AP
Iranian school-girls attend President Hassan Rouhani's speech to parliament before presenting the proposed annual budget in the capital Tehran, on January 17, 2016. (AFP / ATTA KENARE)
January 17, 2016, 9:32 pm
Iran welcomes sanctions’ end, but tough thaw ahead
$100 billion in assets are set to be released and oil ready to be marketed but global economy is facing tough times
By ALI AKBAR DAREINI and Jon Gambrell
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