Middle East conflict may end, but energy crisis will drag on: IEA chief explains

Oil prices have surged towards $120 a barrel amid concerns over market stability and supply disruptions. The International Energy Agency’s director emphasizes the need for energy security as uncertainty looms. As winter approaches, demand for refined products, especially diesel, is expected to rise significantly. Meanwhile, European countries face challenges due to reduced Russian gas imports exacerbated by the Iran war.

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