'We are facing the biggest energy security threat in history,' IEA chief tells CNBC

the iea's fatih birol called the current energy situation "the biggest energy security threat in history" on cnbc thursday. 13 million barrels per day of oil have been lost, with major disruptions across vital commodities. the strait of hormuz — which shipped an average 20 million barrels of oil and petroleum products daily before the war — is under a "double-blockade" with neither iran nor the us allowing vessels through. europe gets 75% of its jet fuel from middle east refineries, and that supply is now effectively zero. birol said europe may need to reduce air travel if additional imports from the us and nigeria don't fill the gap. birol expects nuclear power, renewables, and electric cars to get a boost from the crisis, but also noted coal may see a push in some big asian countries. the iea released 400 million barrels from emergency stockpiles in march, but birol called that a reprieve, not a cure — "the cure is opening up the strait of hormuz."