Tehran, March 23, 2026 (AFP) - Mideast war threatens energy crisis worse than 1970s oil shocks

NAMPA / AFP

2026-03-23

The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the International Energy Agency warned Monday, as Israel launched fresh strikes on Tehran and threatened weeks more fighting. As the war grinds into its fourth week, US President Donald Trump threatened to "obliterate" Iranian power plants if Iran failed to reopen the Strait of Hormuz within 48 hours -- setting an effective dead......

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