The Director General of the International Energy Agency stated that the disruption of the Strait of Hormuz is affecting the economy and consumers

The Director General of the International Energy Agency, Birol, stated that the disruption of the Strait of Hormuz has had an impact on the economy and consumers. The rapid action of the International Energy Agency has had a "calming" effect on the market, despite the huge release of reserves, there are still a large amount of inventory available for use, and emphasized the need to be prepared if the conflict continues.