Energy agency head says energy crisis will trigger major response by governments and industry

MGN

Talking about the repercussions of the Iran war, the head of the International Energy Agency said Wednesday that “we are facing the biggest energy crisis in the history.”

IEA Executive Director Fatih Birol said at the Petersberg Climate Dialogue in Berlin that what ”we lost in the this war is much bigger than all the crises put together in terms of oil and gas. Plus, plus, there are vital commodities that we are losing — petrochemicals, fertilizers, helium, sulfur.”

However, Birol also pointed out that “there will be a major response to this crisis as well” and that “it is now the job of the governments to design their energy policies in terms of industrial sector, while keeping the competitiveness of the existing industries, preparing the next steps for the tomorrow’s industries.”

He said he also expects that “there will be a similar response in all parts of the economy, car manufacturing industry, electric industry and in the industry sector.”

“And this is a wonderful opportunity,” he added.

(Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)