Live updates: Iran defiant as IEA warns energy crisis worse than 1970s oil shocks and Trump deadline looms - CNN

The International Energy Agency has warned that the global energy crisis is more severe than the 1970s oil shocks, as Iran maintains a defiant stance amid mounting pressure. The crisis is unfolding against a backdrop of geopolitical tensions and a Trump administration deadline that raises stakes for international energy markets. Iran's resistance to pressure coincides with broader concerns about energy supply disruptions and their potential cascading effects on the global economy. The IEA's assessment suggests energy security has deteriorated to levels not seen in decades, with implications for oil prices, inflation, and economic stability worldwide. The convergence of Iranian defiance and the Trump deadline underscores the precarious state of international energy diplomacy and supply chains.