US-Israel-Iran War Enters 24th Day, IEA Warns of Worst Energy Crisis Since 1970s
The US-Israel war against Iran enters its 24th day (fourth week) with over 2,500 confirmed deaths and attacks on major gas facilities in four Middle Eastern countries worsening economic impacts. The International Energy Agency (IEA) warns of a severe energy crisis threatening the global economy, comparing it to the 1970s oil shocks that caused daily losses of 10 million barrels. IEA director Faith Birol stated the crisis is worse than the 1973 and 1979 oil shocks, noting petrochemicals and helium are also affected. Iran threatens to attack Israel's power plants and Gulf infrastructure if President Trump's military strikes energy facilities, while Israel expects continued fighting for weeks. US Treasury Secretary Scott Bessent confirms ample funding for the war without tax increases. Meanwhile, Israel claims 92% interception of Iran's 400+ ballistic missiles, but failed to stop strikes near its nuclear facility in Dimona, raising security concerns.