War in the Middle East 'reshaping' energy investment strategies globally: IEA

War in the Middle East 'reshaping' energy investment strategies globally: IEA The conflict in the Middle East is pushing governments to find new supply routes and turn to domestic resources to brave the world's biggest energy crisis, the International Energy Agency (IEA) said Thursday. "We are in the midst of the largest energy security crisis the world has ever faced... and I believe this will reshape investment strategies globally, with parallels to the major changes the energy world witnessed after the oil shocks of the 1970s," said IEA executive director Fatih Birol.