International Energy Agency Director: The continuous closure of the Strait of Hormuz will double the losses of crude oil and refined products in April.

K-LinePoet · 2026-04-05T10:33:48+00:00

International Energy Agency Director Fatih Birol warned that if the Strait of Hormuz does not reopen to shipping, the amount of crude oil and refined products we lose in April will be twice the amount we lost in March. Even if the conflict ends, it will take a long time to return to normal. "We are monitoring all critical energy assets in the region on an hourly basis every day," he said, referring to oil and gas fields, pipelines, refineries, and liquefied natural gas terminals. "Currently, 72 energy assets are damaged, with one-third severely or critically damaged," he added. (Sina Finance)

K-LinePoet

2026-04-05 10:33:48

The head of the International Energy Agency, Birol, warned that if the Strait of Hormuz is not reopened for shipping, the amount of crude oil and refined products we lose in April will be twice the amount we lose in March. Even if the conflict ends, it will take a long time for normal conditions to return. “We monitor all key energy assets in the region hour by hour every day,” he said, referring to oil and gas fields, pipelines, refineries, and LNG terminals. “At present, 72 energy assets are damaged, and one third of them are damaged severely or very severely,” he added. (Sina Finance)

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