International Energy Agency (IEA) Executive Director Fatih Birol has warned that the ongoing Iran war and continued blockade of the Strait of Hormuz are severely disrupting global energy flows. In an interview with Reuters, Birol said the world is facing the biggest energy security threat in history as a result of these developments.

Birol explained that the conflict has already removed 13 million barrels of oil per day from the market and caused major disruptions in the supply of key commodities. Before the war, about 20 million barrels of oil and petroleum products passed through the Strait of Hormuz daily. He described the current situation as a “dual blockade,” with neither Iran nor the United States allowing ships to enter or leave the strait.

He also warned of growing risks to Europe’s jet fuel supply, noting that the region previously relied on Middle Eastern refineries for about 75 percent of its jet fuel, which has now dropped to almost zero. Europe is seeking alternative supplies from the United States and Nigeria.