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IEA says Middle East war causes biggest energy crisis in history. Morgan Stanley warns Strait of Hormuz closure could reshape global energy map, making China unexpected winner.

The International Energy Agency says the war in the Middle East has caused the largest energy crisis in history. Jitania Kandhari from Morgan Stanley told Reuters that closing the Strait of Hormuz could change the global energy landscape, and China could be the unexpected beneficiary.

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The International Energy Agency says the war in the Middle East has caused the largest energy crisis in history. Jitania Kandhari from Morgan Stanley told Reuters that closing the Strait of Hormuz could change the global energy landscape, and China could be the unexpected beneficiary.

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