The IEA will hold an extraordinary meeting due to the situation in the Middle East

The International Energy Agency (IEA) will hold an extraordinary meeting of the organization's member countries due to the situation in the Middle East. This was announced on March 3 by the head of the agency Fatih Birol.

"In connection with the events in the Middle East and their consequences for energy security, I have called an extraordinary meeting of the governments of the IEA member states today," Birol wrote on the social network X (ex. Twitter).

According to him, the meeting will discuss the situation on the gas and oil markets. In addition, participants will discuss possible measures to respond to supply disruptions.

Barrel blow: War in Iran could accelerate oil prices to $150 per barrel

How the Middle East conflict is becoming the main driver of commodity prices

On the same day, global Brent crude oil prices exceeded $85 per barrel for the first time since July 2024. By 15:20 Moscow time, the growth was more than 8.5%, the price reached $ 84.38.

The day before, the Strait of Hormuz in southern Iran, which is used for the passage of oil tankers, was completely closed by the IRGC. Some major oil companies and leading trading houses have suspended the supply of crude oil and fuel through the Strait of Hormuz due to Israeli and US strikes on Iran.

On February 28, the United States and Israel launched a large-scale military operation in Iran. US President Donald Trump called her goal the protection of the American people. Israel and the United States have carried out numerous attacks on military and civilian targets in Iran, including a school in the city of Minab.

All important news is on the Izvestia channel in the MAX messenger.