The International Energy Agency (IEA) has indicated that the Middle East may require approximately two years to restore energy production levels lost due to the recent conflict with Iran. IEA Executive Director Fatih Birol explained that recovery will vary by country, noting that Iraq will face longer challenges compared to Saudi Arabia. Birol emphasized the potential impact on the global economy, stating that it can be held hostage by regional conflicts. Meanwhile, US Secretary of State Marco Rubio engaged with UK Foreign Secretary Yvette Cooper to address maritime security in the Strait of Hormuz, emphasizing the need for safe navigation for commercial vessels. President Donald Trump expressed optimism about ongoing negotiations with Iran, suggesting that progress could reduce the need to extend the ceasefire, which is set to expire on April 22. Additionally, a virtual summit involving leaders from around 40 countries is planned to discuss reopening the Strait of Hormuz and ensuring secure shipping routes.