Jfeed Staff

IEA Chief Proposes Genius Alternative to Bypass Strait of Hormuz

The IEA's Fatih Birol warns the Strait of Hormuz is a "broken vase" and calls for a new Basra-Ceyhan pipeline to secure global oil flows. As Iran shuts the Strait again, the IEA chief argues that an overland route through Iraq and Turkey is now a "strategic necessity" to save Europe’s energy supply and stabilize the market.