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Energy crisis to persist even if Middle East conflict ends, IEA chief warns

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Oil prices have climbed toward $120 a barrel as worries about market stability and supply disruptions grow. The head of the International Energy Agency stresses that securing energy supplies is essential amid the ongoing uncertainty. Demand for refined products, particularly diesel, is projected to increase sharply as winter sets in. European nations are struggling with reduced Russian gas imports, a situation made worse by the Iran war. The IEA chief's remarks suggest that the energy strain could linger well after the regional conflict subsides.

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