Coinworld News: The Director of the International Energy Agency, Birol, stated that the disruption in the Strait of Hormuz has already had an impact on the economy and consumers. The swift action of the International Energy Agency has had a "calming" effect on the market. Although the volume of reserves released is substantial, there is still considerable inventory available, and more can be done if needed. If the conflict continues for a longer period, preparations must be made accordingly.