Global energy markets unlikely to normalize by 2027, warns International Energy Agency

The International Energy Agency's executive director, Fatih Birol, stated that global energy markets are unlikely to return to normal before 2027. He cited rising oil prices, exceeding $111 per barrel for Brent crude, and potential disruptions in the Strait of Hormuz as major concerns. Birol expressed worry about interconnected crises in the Middle East exacerbating the situation.

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