The closure of the Strait of Hormuz since March 4, 2026, has disrupted global oil flows, with IEA chief Fatih Birol warning of worsening market conditions.
The IEA chief emphasized that only a 'full and unconditional reopening' of the Strait of Hormuz could solve the crisis
May 22, 2026
03:42 pm
What's the storyThe closure of the Strait of Hormuz since March 4, 2026, has triggered a global oil shortage and impacted stock markets worldwide.
The International Energy Agency (IEA) chief Fatih Birol warned that the situation could worsen in the coming months due to disruptions related to the Iran conflict.
IEA: The World’s Oil Safety Net is Almost Entirely Depleted
World to face crisis like in 2008 if Strait of Hormuz remains closed — Bloomberg
Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
Strait of Hormuz closure could lead to record low oil stockpiles: CNBC
Hormuz closure could trigger global food price crisis within a year, UN agency warns
Oil flows through Hormuz won’t return to normal until next year, warns energy boss
Overview: Inventories to the Rescue as Hormuz Impasse Drags On
The IEA has warned that global oil supplies are depleting at a record pace, with the Strait of Hormuz closure driving the worst…
Acccording to the analysis by Rapidan Energy Group, if the Strait reopens in July, an average oil demand reduction of 2.6 million…
The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.
IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional…
Strait of Hormuz faces potential closure, impacting oil stockpiles. Traffic normal by July 31 at 42.5% YES, Bab el-Mandeb Strait…
A Strait of Hormuz closure due to U.S.-Iran war hit the oil market hard, but sectors reliant on shipping across economy from…
