IEA Warning: Gulf Region Oil and Gas Supply Recovery May Take Six Months

BlockBeats News, March 20 – The International Energy Agency (IEA) issued a stern warning on Friday: ongoing conflicts involving Iran could trigger the largest supply disruption in the history of the global oil market, and it may take up to six months for the normal flow of oil and gas in the Gulf region to recover. According to the *Financial Times*, IEA Executive Director Fatih Birol stated that both policymakers and markets have underestimated the severity of this crisis, which could drive up energy prices and put pressure on global supply chains. The IEA emphasized that relying solely on supply-side measures is insufficient to stabilize the market. In a detailed set of recommendations, the agency outlined a series of demand-side actions that can be implemented immediately to alleviate consumer pressure and ensure energy security. These include measures to immediately reduce oil and gas demand, decrease industrial and household energy consumption, and calls for collective action. (*Jin10*)