The International Energy Agency is a Paris-based intergovernmental organization providing global energy policy analysis and data. Known for monitoring energy markets, coordinating strategic oil reserves, and advising member states on supply security. Recently, the IEA has warned of critical fuel shortages in Europe and proposed infrastructure alternatives to bypass disrupted Middle East transit routes. Last updated 5 days ago
IEA Executive Director Fatih Birol proposed building a new oil pipeline from Iraq's Basra fields to Türkiye's Ceyhan terminal to bypass the Strait of Hormuz.
Birol: "I believe a Basra-Ceyhan pipeline could be extremely attractive and a very important project for both Iraq and Türkiye, as well as for regional supply security, especially from Europe's perspective. Now is exactly the right time."
IEA chief Fatih Birol: Europe has roughly six weeks of jet fuel left. Supply disruptions from the Iran conflict and Strait of Hormuz blockages could force flight cancellations. He called it "the largest energy crisis we have ever faced." - AP
