Energy Agency: Opening Hormuz Strait Vital

The Director of the International Energy Agency emphasized that fully reopening the Strait of Hormuz without any conditions is the most important solution to end the crisis of rising oil and gas prices. Iran halted the movement of oil tankers through the strait following the American and Israeli strikes last February, which disrupted oil flows and caused prices to rise. He welcomed the agreement between Iran and the United States and confirmed that opening the strait would help soothe markets and reduce anxiety, especially after the agency added 164 million barrels to the reserve to support supplies.

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