“I really hope that both of the straits will be unconditionally opened sometime soon; otherwise, in the energy world, we don’t have much more buffer zones to still keep the prices at a certain level (as) we have today,”

Fatih Birol · said 2026-10-21 · reported 2026-10-23

Birol concluded by urging that both the Strait of Hormuz and Bab al-Mandeb strait be unconditionally opened, warning that energy buffer zones are nearly exhausted.