International Energy Agency (IEA) chief Fatih Birol has warned that the world is facing the largest energy crisis in history due to the ongoing war. Speaking at a conference in Paris, he said the current situation has created major economic and energy challenges globally. Birol noted that oil and gas markets are under severe strain, with oil prices exceeding 120 dollars per barrel, putting immense pressure on many countries.

He emphasized that the war has caused unprecedented instability in global energy security. According to Birol, high prices and disruptions in supply chains have pushed the world economy into a difficult period. His remarks highlight the scale of the crisis and the vulnerability of global energy systems under current geopolitical tensions.

The IEA chief’s warning underscores the urgent need for stability in energy markets as nations struggle with rising costs and supply uncertainties.