{"id":353398,"date":"2026-03-23T06:13:12","date_gmt":"2026-03-23T06:13:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/353398\/"},"modified":"2026-03-23T06:13:12","modified_gmt":"2026-03-23T06:13:12","slug":"world-economy-facing-major-threat-iea-head-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/353398\/","title":{"rendered":"World economy facing &#8216;major threat,&#8217; IEA head says"},"content":{"rendered":"<p><a href=\"#post-liveblog-post-76478852\" class=\"q1knotlb b14agbwd quick-item\">Skip next section Israeli military says it is striking Tehran<\/a><\/p>\n<p>03\/23\/2026March 23, 2026Israeli military says it is striking Tehran<\/p>\n<p>The Israeli military\u00a0said on Monday morning that it launched a &#8220;wide-scale wave of strikes targeting Iranian terror regime infrastructure in Tehran.&#8221;<\/p>\n<p>Morning announcements that Israeli forces are launching attacks on Iran has become a common occurrence over the past three weeks since the war began, on February 28.<\/p>\n<p>Explosions were heard across Tehran early Monday, according to Iranian media.<\/p>\n<p>&#8220;Explosion heard in Tehran,&#8221; local media Mehr posted on Telegram, while Fars news agency said airstrikes had targeted five areas of the Iranian capital and that &#8220;terrible sounds of explosions have been reported.&#8221;<\/p>\n<p>https:\/\/p.dw.com\/p\/5Atds<\/p>\n<p><a href=\"#post-liveblog-post-76478850\" class=\"q1knotlb b14agbwd quick-item\">Skip next section &#8216;Global economy facing major, major threat,&#8217; IEA chief says<\/a><\/p>\n<p>03\/23\/2026March 23, 2026&#8217;Global economy facing major, major threat,&#8217; IEA chief says<\/p>\n<p><img data-format=\"MASTER_LANDSCAPE\" data-id=\"76305039\" data-url=\"https:\/\/static.dw.com\/image\/76305039_${formatId}.jpg\" data-aspect-ratio=\"16\/9\" alt=\"Executive Director of the International Energy Agency (IEA) Fatih Birol arrives at the Elysee Palace to attend a dinner held on the occasion of the Civil Nuclear Summit in Paris on March 10, 2026\" style=\"padding-bottom: 56.25%; height: 0; max-height: 0;\"\/>IEA chief Birol has given stark warnings about the ongoing crisisImage: Ludovic Marin\/AFP\/Getty Images<\/p>\n<p>Fatih Birol, the chief of the IEA, gave a stark warning on Monday morning that the world is facing a severe crisis due to the US-Israel war against Iran and the closure of the <a class=\"internal-link\" href=\"https:\/\/www.dw.com\/en\/strait-of-hormuz\/t-76193780\" rel=\"nofollow noopener\" target=\"_blank\">Strait of Hormuz<\/a>.<\/p>\n<p>&#8220;The global economy is facing a major, major threat today, and I very much hope that this issue will be resolved as soon as possible,&#8221; Birol said in an address to Australia&#8217;s National Press Club.<\/p>\n<p>&#8220;No country will be immune to the effects of this crisis if it continues to go in this direction. So there is a need for global efforts,&#8221; he said.<\/p>\n<p>He compared the current crisis to the oil shocks of the 1970s as well as the fallout from the Russian invasion of Ukraine.<\/p>\n<p>&#8220;This crisis as things stand is now two oil crises and one gas crash put all together,&#8221; Birol\u00a0said.<\/p>\n<p>&#8220;The single \u2060most important \u200bsolution to this problem is opening the Hormuz Strait.&#8221;<\/p>\n<p>https:\/\/p.dw.com\/p\/5Atdq<\/p>\n<p><a href=\"#post-liveblog-post-76478851\" class=\"q1knotlb b14agbwd quick-item\">Skip next section Welcome to our coverage<\/a>03\/23\/2026March 23, 2026Welcome to our coverage<\/p>\n<p>Welcome to our coverage of the US-Israel war against Iran on Monday, March 23.<\/p>\n<p>The effects of the war on the global economy are being increasingly felt.<\/p>\n<p>While the White House has made attempts to calm nerves by suggesting the war could &#8220;wind down&#8221; soon, there has also been mixed messaging, with President Trump on Saturday threatening to strike Iranian power plants if it doesn&#8217;t open the Strait of Hormuz to maritime traffic within 48 hours.<\/p>\n<p>That deadline is set to run out on Monday.<\/p>\n<p>For its part, Tehran responded to the most recent threat by saying it would strike energy and desalination facilities if its power plants are attacked.<\/p>\n<p>https:\/\/p.dw.com\/p\/5Atdr<\/p>\n","protected":false},"excerpt":{"rendered":"Skip next section Israeli military says it is striking Tehran 03\/23\/2026March 23, 2026Israeli military says it is striking&hellip;\n","protected":false},"author":2,"featured_media":353399,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":{"0":"post-353398","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/353398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=353398"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/353398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/353399"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=353398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=353398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=353398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}