IEA Executive Director Fatih Birol highlighted significantly reduced production and export levels from Gulf states as a primary concern. He noted that the world has never faced an energy supply disruption of this magnitude, predicting a severe energy shock that could lead to shortages in oil, gas, and food. The ongoing conflict between Iran and Israel, which has resulted in the blockade of the strategically vital Strait of Hormuz, is exacerbating the situation, preventing the transport of essential energy resources from the region.