Middle East crisis live: IEA chief says Iran war energy crunch worse than 1970s oil crises and Ukraine war combined

Fatih Birol says world is losing 11m barrels of oil per day, more than the 1973 and 1979 energy shocks combined; IRGC threatens to completely close strait of Hormuz if Trump acts on infrastructure threats Iran vows to destroy Middle East water and energy facilities if US attacks power plants Hello and welcome to our live coverage of the US-Israel war on Iran, the broader regional conflict and the impact on the world economy. The head of the International Energy Agency, Fatih Birol has said the public needs to understand the “depth of the problem” facing the globe as a result of the war on Iran. Iranian president Masoud Pezeshkian said “threats and terror” are strengthening Iranian unity , after Donald Trump yesterday warned he would “obliterate” Iranian power plants if the strait of Hormuz is not opened within 48 hours.