US Renews Threat to Leave IEA

US Energy Secretary Chris Wright speaks at an IEA ministerial meeting in Paris (X)
US Energy Secretary Chris Wright speaks at an IEA ministerial meeting in Paris (X)
TT

US Renews Threat to Leave IEA

US Energy Secretary Chris Wright speaks at an IEA ministerial meeting in Paris (X)
US Energy Secretary Chris Wright speaks at an IEA ministerial meeting in Paris (X)

US Energy Secretary Chris Wright renewed his threat Thursday to pull out of the International Energy Agency, saying Washington would press the organization to abandon a net-zero agenda “in the next year or so.”

Speaking on the last day of an IEA ministerial meeting in Paris, Wright said the 52-year-old agency should return to its founding mission of ensuring energy security.

“The US will use all the pressure we have to get the IEA to eventually, in the next year or so, move away from this agenda,” Wright said in a news conference.

“But if the IEA is not able to bring itself back to focusing on the mission of energy honesty, energy access and energy security, then sadly we would become an ex-member of the IEA,” he added.

Meaning of Wright’s Warning

A US exit means a deep cut to IEA’s budget undermining the agency’s global influence.

Washington is not just a member of the agency but its largest funder. It alone contributes to 25% of the IEA core budget (equivalent to between $25 and $30 million annually) and therefore its exit would “dry up” a quarter of the agency’s financial resources.

Also, Washington is the world's largest oil and gas producer, meaning the US exit will affect the agency's reports and their credibility in markets.

The IEA was created to coordinate responses to major disruptions of supplies after the 1973 oil crisis. But in recent years, it became the main advocate of green transition policies, which the US considers as “politicized.”

The IEA produces monthly reports on oil demand and supply as well as annual world energy outlooks that include data on the growth of solar and wind energy, among other analyses.

Wright praised IEA Executive Director Fatih Birol for reinserting in November 2025’s annual outlook a Current Policies Scenario in which oil and gas demand would grow in the next decades. That scenario had been dropped for the past five years.

But the report still included a scenario where the world reaches net zero emissions by mid-century.

Birol’s current four-year term ends in 2027, but Wright demurred when asked who he would like to head the IEA, which has over 30 member nations.

“We remain today undecided or neutral on who the leadership is. We care about the mission much more than the individual leaders,” the US energy chief said.

If Birol can make the agency “get out the politics and get out the anti-energy part of it, that's great by us,” said Wright, who first warned last year that the US could leave the IEA if it did not reform.

For his part, Birol insisted that the Paris-based agency was “data-driven.” He said, “We are a non-political organization.”

The IEA was created “to focus on energy security,” Wright said on Wednesday at a ministerial meeting of the agency in Paris.

“That mission is beyond critical and I'm here to plead to all the members (of the IEA) that we need to keep the focus of the IEA on this absolutely life-changing, world-changing mission of energy security,” he said.

The Energy Secretary said he wanted to get support from “all the nations in this noble organization to work with us, to push the IEA to drop the climate. That's political stuff.”

His comments come just a day after he publicly threatened to quit the organization unless it abandoned its focus on the energy transition— a call that several countries rejected, including the UK, Austria and France.

 

 



South Korea 'Closely Monitoring' Trump Call to Send Warships to Hormuz

A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
TT

South Korea 'Closely Monitoring' Trump Call to Send Warships to Hormuz

A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)

South Korea said on Sunday it was paying close attention to US President Donald Trump's call for Seoul and other countries to send warships to help protect oil supplies passing through the Strait of Hormuz.

"We are closely monitoring President Trump's remarks on social media and will carefully consider the matter in close consultation with the United States," a presidential official told AFP.


Drone Debris Sparks Fire at Oil Facility in Russia’s Krasnodar Region, Authorities Say

 Smoke is seen through the broken window of a residential neighborhood damaged by Russian aerial guided bomb in Zaporizhzhia, Ukraine, Saturday, March 14, 2026. (AP)
Smoke is seen through the broken window of a residential neighborhood damaged by Russian aerial guided bomb in Zaporizhzhia, Ukraine, Saturday, March 14, 2026. (AP)
TT

Drone Debris Sparks Fire at Oil Facility in Russia’s Krasnodar Region, Authorities Say

 Smoke is seen through the broken window of a residential neighborhood damaged by Russian aerial guided bomb in Zaporizhzhia, Ukraine, Saturday, March 14, 2026. (AP)
Smoke is seen through the broken window of a residential neighborhood damaged by Russian aerial guided bomb in Zaporizhzhia, Ukraine, Saturday, March 14, 2026. (AP)

A fire broke out at an oil facility in Russia's Krasnodar region after debris from a downed drone fell on it, Russian authorities said on Sunday.

According to ‌preliminary reports, ‌there were no ‌casualties.

The ⁠damaged oil facility ⁠is located near Tikhoretsk, where Ukrainian drones struck an oil pumping station on Thursday. The fire ⁠had been extinguished on ‌Friday.

Authorities ‌did not clarify whether ‌it was the ‌same facility.

The Tikhoretsk hub is one of the largest oil points in southern ‌Russia and is the only supply route ⁠for ⁠petroleum products to the key Black Sea port of Novorossiysk.

The attack was the latest in a series of drone strikes on the region's energy and port infrastructure.


Iran Guards Vow to 'Pursue and Kill' Israeli Premier Netanyahu

Israeli Prime Minister Benjamin Netanyahu at a press conference in Jerusalem (archive – Reuters)
Israeli Prime Minister Benjamin Netanyahu at a press conference in Jerusalem (archive – Reuters)
TT

Iran Guards Vow to 'Pursue and Kill' Israeli Premier Netanyahu

Israeli Prime Minister Benjamin Netanyahu at a press conference in Jerusalem (archive – Reuters)
Israeli Prime Minister Benjamin Netanyahu at a press conference in Jerusalem (archive – Reuters)

Iran's Revolutionary Guards vowed on Sunday to target Israeli Prime Minister Benjamin Netanyahu as the war with Israel and the United States continues.

"If this child-killing criminal is alive, we will continue to pursue and kill him with full force," said the Guards on their website Sepah News.