Iran-US Standoff: Largest Energy Crisis in History

0:00On March 23rd, over 40 energy assets across the Middle East have faced severe damage since the United States and Israel started strikes on Iran, back on February 28th. The Executive Director of the International Energy Agency calls this the biggest risk to worldwide energy supplies in history. Fatih Barol explained that restarting those oil and gas sites will take time, even if the fighting stops and the straight of four moves opens up again. Some fields might need six months or longer to come back online. The agency guides 30 member countries on keeping energy reliable and affordable. Many folks grasp the challenge now, but the long-term fallout could run deeper than expected. President Donald Trump just delayed strikes on Iran's power plants by five days, pointing to promising talks with Tehran. That news sent markets climbing and knocked oil prices down. Iran rejects any direct U.S. contact, labeling it a poi to sway energy markets and stall military moves. Officials there vow to push for full accountability as the standoff drags on and recovery efforts

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