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IEA Chief says will feel the consequences for many months, if not years and does not expect energy policy consequences to be resolved quickly

Importance
Level 1
  • If Strait of Hormuz not fully reopened, Europe can still get through April without major problems, but a few weeks later, will become much more difficult, especially with diesel and kerosene.
  • Anticipates that if Strait not fully reopened, restrictions, for example in air traffic, will start in mid-May.
#EU SESSION#US SESSION#ENERGY & POWER
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