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flag IEA declares Iran conflict worst energy crisis, halting Hormuz traffic and releasing oil reserves.

flag The head of the International Energy Agency has declared the conflict between Iran, the U.S., and Israel the worst energy crisis in history. flag The war has severely disrupted maritime traffic through the vital Strait of Hormuz, causing oil and gas prices to skyrocket. flag The IEA is coordinating a record release of oil reserves to stabilize markets, though analysts warn that recovery could take up to two years.

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