IEA Chief Fatih Birol Warns Hormuz Crisis Threatens Global Energy Security

International Energy Agency chief Fatih Birol has warned that the crisis at the Strait of Hormuz poses a serious threat to global energy security. Birol stated that "oil security is still a critical issue" and that the world should be "worried" if the situation does not improve. The Strait of Hormuz is one of the world's most critical chokepoints for oil and gas transport.