IEA's Birol: Energy Prices Unlikely to Return to Pre-War Levels by 2027

IEA Executive Director Fatih Birol stated at the Singapore International Energy Week that energy prices will not return to pre-war levels in 2027 due to tightened markets from the Middle East conflict. This signals a persistent supply-side shock, with implications for inflation and energy security. The claim is based on Birol's assessment, not a formal IEA forecast, and the specific conflict and price trajectory remain unspecified.

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