IEA: Energy Prices Won't Return to Pre-War Levels by 2027

International Energy Agency (IEA) Executive Director Fatih Birol warned that energy markets, including crude oil and natural gas, will not see prices return to pre-war levels by 2027. He attributed this to the ongoing Middle East conflict, which has significantly tightened global energy markets. Birol made these remarks at the Singapore International Energy Week conference. This long-term outlook for elevated energy costs could fuel persistent global inflation and put continued pressure on Pakistan's import bill and the Rupee, potentially supporting domestic gold prices.

بحوالہ / Source: oilprice.com