‘The biggest energy security threat in history’

Fatih Birol, head of the International Energy Agency, told cnbc today that member nations have drained their oil reserves by 13 million barrels a day since March 11. Birol called this and other consequences of the Iran war “the biggest energy security threat in history.” The shortages caused by Iran targeting energy shipments have resulted in higher costs for consumers, agriculture, industry and transportation, with airlines canceling tens of thousands of flights.