Shadow over Europe: Fatih Birol Warns of Recession Risks Due to the Strait of Hormuz
IEA head Fatih Birol warned Europe of recession risks due to the threat of a blockade of the Strait of Hormuz. The crisis in the Persian Gulf has already surpassed the consequences of the 1973 and 1979 shocks, and oil reserves may not save the region from inflation. 🛢️📉
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