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The Economic Times

Global Business / The Economic Times

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IEA says 'unconditionally' re-opening Hormuz vital to end energy crisis

The head of the International Energy Agency stressed that fully reopening the Strait of Hormuz is crucial for global economic stability. Record-high oil and gas prices are really hitting countries hard. There's talk of a potential deal between the U.S. and Iran, which could ease these tensions and bring prices down.

16 Jun 2026 4:27 pm