Global energy crisis is ‘the mother of all crises’: Turkish energy minister

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Turkey's Energy Minister Alparslan Bayraktar said the global energy crisis caused by tensions in the Strait of Hormuz is the largest in fifty years. The world needs 103 million barrels daily but faces a 20 million barrel deficit due to the strait's closure. Bayraktar highlighted Turkey's strategic position with pipelines and gas reserves at 72 percent capacity, compared to Europe's 28 percent. He emphasized that diversifying energy routes is critical.

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