At Least 40 Energy Assets Severely Damaged, IEA Says -- WSJ

Dow Jones03-23

By Rhiannon Hoyle

At least 40 energy assets have been severely damaged across nine countries since the Middle East conflict began, International Energy Agency Executive Director Fatih Birol said, as the agency consults with governments on whether more emergency oil reserves should be released to shore up supply.

Speaking in Australia on Monday, Birol cautioned that it would take some time to return supply from oil and natural-gas fields, refineries and pipelines in the region to levels before the conflict began. A further release of oil from emergency stocks could help reduce economic pain, but it wouldn't solve the energy crisis, he said. The single most important solution was reopening the Strait of Hormuz, Birol said.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 23, 2026 00:01 ET (04:01 GMT)

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