30 Days
Source:
Sky News
Energy Agency Warns Escalation Between Washington and Tehran Threatens Expected Oil Surplus
The International Energy Agency warned that the recent escalation between Washington and Tehran threatens the realization of an expected surplus in the oil market next year, as the forecasts rely on the stability of oil flows through the Strait of Hormuz. Although supplies recovered by 4.1 million barrels per day in June, they still remain about 9.4 million barrels below pre-war levels, amid ongoing tensions in the region that could lead to new disruptions in navigation and increase the likelihood of market volatility.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)