At the IEA summit, officials said the current situation risks having greater economic consequences than the two oil crises of the 1970s - combined.
The global economy is facing a very, very big threat, and I really hope that this issue will be resolved as soon as possible, he says.
Oil prices have risen sharply after Iran all but shut down traffic through the Strait of Hormuz, where large quantities of oil from the Middle East are normally shipped. According to the IEA, at least 40 energy facilities in nine countries in the region have been damaged during the war.
