International Energy Agency Director Birol said on the 16th that geopolitical developments in the Middle East region are very worrying, whether due to humanitarian or energy security considerations. The Middle East region produces a large amount of oil and gas, oil accounts for 20% of the world's oil supply, and about 20% of liquefied natural gas trade has to go through the Strait of Hormuz. The International Energy Agency will closely monitor the development of the situation in the Middle East.

International Energy Agency Director Birol said on the 16th that geopolitical developments in the Middle East region are very worrying, whether due to humanitarian or energy security considerations. The Middle East region produces a large amount of oil and gas, oil accounts for 20% of the world's oil supply, and about 20% of liquefied natural gas trade has to go through the Strait of Hormuz. The International Energy Agency will closely monitor the development of the situation in the Middle East.