IEA Chief Predicts Oil Price Convergence Amid Geopolitical Tensions

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IEA Executive Director Fatih Birol stated that oil prices will soon converge as geopolitical tensions intensify, creating uncertainty in global energy markets. Speaking at an industry event, Birol highlighted the growing need for countries to bolster their energy security through diversified supply sources and investments in renewable energy. The IEA continues to monitor market developments and provide guidance to member countries on mitigating potential disruptions.