The International Energy Agency warns: The recovery of oil and gas supply in the Gulf region may take six months

According to Jinshi News, the International Energy Agency (IEA) issued a stern warning on Friday: the ongoing conflict involving Iran could trigger the largest supply disruption in the history of the global oil market, and the normal flow of oil and gas in the Gulf region may take six months to restore.

According to the Financial Times, IEA Director Fatih Birol stated that policymakers and the market have underestimated the severity of this crisis, which could drive up energy prices and put pressure on global supply chains.

The IEA emphasized that relying solely on supply-side measures is insufficient to stabilize the market. In a detailed set of recommendations, the agency outlined a series of demand-side actions that can be implemented immediately to alleviate consumer pressure and ensure energy security. These include: immediate measures to reduce oil and gas demand, reducing energy consumption in industries and households, and calling for collective action.