Asia stocks slide as US and Iran threaten to escalate war
The International Energy Agency chief said the war could lead to the world's worst energy crisis in decades.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"If Iran doesn't FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!"
— Donald Trump , Politician
"This crisis as things stand is now two oil crises and one gas crash put all together."
— Fatih Birol , Executive
"energy and desalination infrastructure in the region would be 'irreversibly destroyed' if his country's power plants were attacked."
— Mohammad Bagher Ghalibaf , Politician
Key People
Former president of the United States known for his aggressive economic policies.
Fatih Birol is the director of the International Energy Agency.
Mohammad Bagher Ghalibaf is the Speaker of the Iranian Parliament.
Leader of the Labour Party and Member of Parliament for Holborn and St Pancras.
All Coverage
The International Energy Agency chief said the war could lead to the world's worst energy crisis in decades.
Similar Stories
Related coverage based on topic and tags
US EIA hikes oil price forecasts again as Iran war drains global stockpile - Reuters
US EIA hikes oil price forecasts again as Iran war drains global stockpile Reuters
October 6, 2026 at 05:39 PMAsia shares weaker, oil up as investors weigh Saudi-Houthi escalation - Reuters
Asia shares weaker, oil up as investors weigh Saudi-Houthi escalation Reuters
October 7, 2026 at 02:40 AMWall St futures decline as oil surge, high yields stoke inflation worries - Reuters
Wall St futures decline as oil surge, high yields stoke inflation worries Reuters
October 8, 2026 at 11:56 AMOil rises as Middle East supply concerns persist amid shipping attacks - Reuters
Oil rises as Middle East supply concerns persist amid shipping attacks Reuters
October 8, 2026 at 01:25 AMIMF chief warns energy shock, growing debt and AI risks threaten global growth - Reuters
IMF chief warns energy shock, growing debt and AI risks threaten global growth Reuters
October 7, 2026 at 06:06 AMOil falls as Trump comments on Iran talks ease supply concerns - Reuters
Oil falls as Trump comments on Iran talks ease supply concerns Reuters
October 9, 2026 at 02:28 AM