New Delhi, Oct. 26 -- Global energy markets may take until beyond 2027 to recover from the disruptions caused by the Iran war, as rising crude oil prices, winter fuel demand and supply constraints add to concerns over energy security, International Energy Agency (IEA) Executive Director Fatih Birol warned on Monday.
Speaking at the Singapore International Energy Week conference, Birol said there was no credible indication that energy markets would return to their pre-war conditions next year. The conflict, which began in late February, has disrupted global energy supplies, derailing earlier expectations of a surplus and pushing up crude oil and refined fuel prices.
He urged governments and businesses to prioritise energy security while pr...