🛢 Oil and gas supply recovery in the Gulf region could take six months!
⚠ The International Energy Agency (IEA) issued a stark warning on Friday: the ongoing conflict involving Iran could trigger the largest supply disruption in the history of the global oil market. It may take up to six months for the normal flow of oil and natural gas in the Gulf region to resume.
Policymakers and markets have underestimated the severity of the crisis, which could push energy prices higher and put pressure on global supply chains.
📌 Supply-side measures alone will not be enough to stabilize the market. In a detailed set of recommendations, the agency outlined a series of immediate demand-side actions to ease pressure on consumers and safeguard energy security.
🎯 Given the risk of a prolonged supply disruption, the agency’s recommendations underscore the importance of immediate collective action, combining efficiency gains, behavioral changes, and industrial adjustments to address what it called “the largest supply disruption in the history of the oil market.”