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

The IEA Chief's comments signal a potential escalation in energy supply concerns, particularly regarding access through the Strait of Hormuz.

Newsquawk StaffPublished 8 Apr 2026, 13:25 UTCOn the live feed at 13:05 UTC — 2 more headlines followed before this page went public

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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

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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.

Context

If prolonged restrictions occur, Europe could face significant challenges in energy logistics, leading to heightened volatility in energy markets and possibly affecting broader economic stability. Traders should monitor developments closely, as any degradation in supply chains could impact oil prices and associated assets.

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