International Energy Agency head says global economy faces ‘major, major threat’ because of Iran war - AP News

The International Energy Agency's head has warned that a war involving Iran poses a "major, major threat" to the global economy. Iran is a significant oil producer, and a conflict in the region could disrupt energy supplies and drive up prices worldwide, affecting inflation and economic growth across multiple countries. The warning reflects growing concern among international institutions about escalating tensions in the Middle East and their potential ripple effects on markets dependent on stable energy supplies. Energy security has become a critical geopolitical issue, particularly as Western nations seek to reduce dependence on Russian oil following its invasion of Ukraine. The IEA's alert suggests that policymakers and investors should prepare for potential supply shocks if regional tensions worsen.