The head of the IEA warned about the risk of restructuring the global energy system

The aggravation of the situation in the Middle East may lead to a fundamental restructuring of the global energy system, said the head of the International Energy Agency (IEA) Fatih Birol.
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“This situation may lead to the fact that the global energy map will be rebuilt,”  the head of the IEA, commenting on the situation in the Middle East said, quoted by the newspaper Dunya.

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Birol stressed that this is not just a temporary instability, but a structural change in the global energy sector.

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He noted that even with the rapid lifting of restrictions, including the situation around the Strait of Hormuz, it will take a long time to return to the previous supply chain.

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“Even if the strait opens tomorrow, returning to its previous state will require serious investments and time — at least two years,”  the head of the IEA said.

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Birol also warned of risks to global markets, including possible fuel supply disruptions and rising prices, especially in Europe, where changes in logistics chains are already being recorded.

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On February 28, the United States and Israel began attacking targets in Iran, and more than three thousand people became victims of aggression. On April 8, Washington and Tehran announced a two-week cease-fire.