IEA warns April energy crisis will worsen, surpassing 1970s oil shocks amid Iran war impact.

The International Energy Agency (IEA) has issued a stark warning that the global energy crisis will intensify in April, becoming worse than the disruptions seen in March. IEA Executive Director Fatih Birol highlighted that the current supply loss of 12 million barrels per day due to the Iran war and the closure of the Strait of Hormuz exceeds the combined impact of the 1973 Arab oil embargo and the 1979 Iranian Revolution. This severe supply shock is driving up oil prices and boosting energy-related stocks and ETFs. Investors are closely watching this situation as it could trigger a major global economic disruption or recession if the crisis deepens further.