economy
May 3, 2026
The World Is Approaching the Largest Energy Crisis in History, Believes Dmitriev
The world is approaching the largest energy crisis in history and is not even aware of it, stated the head of the Russian Direct Investment Fund (RDIF), Special Representative of the President of the Russian Federation for Investment and Economic Cooperation with Foreign Countries Kirill Dmitriev.
TL;DR
- The world is approaching the largest energy crisis in history, according to Kirill Dmitriev of RDIF.
- The head of the IEA previously warned of diesel and jet fuel shortages in Europe.
- IATA anticipates flight cancellations in Europe by late May due to insufficient aviation fuel.
- Tensions around Iran have led to the blocking of the Strait of Hormuz, a key oil and LNG supply route.
- The blockage of the Strait of Hormuz has resulted in rising fuel and industrial product prices globally.
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