Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe International Energy Agency has warned that global oil stockpiles are rapidly depleting amid the Iran war.The global energy watchdog has urged a deal to reopen the Strait of Hormuz, saying that the “urgency” of such an agreement has increased.Global oil supply is projected to fall by 4.3 million barrels per day in 2026 due to production losses in the Middle East and Russia. Meanwhile, President Donald Trump claims that US forces maintain complete control over the Strait of Hormuz, threatening military action against any interference. US forces fired missiles at a Panamanian-flagged vessel in the Gulf of Oman after accusing it of trying to breach a blockade on Iranian ports. In fullIran-US war latest: Oil stockpiles ‘rapidly depleting’ despite Trump claiming ‘total control’ of Strait of HormuzMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Global oil supply under threat as Iran war sees stockpiles plummet
Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe International Energy Agency has warned that global oil stockpiles are rapidly depleting amid the Iran war.The global energy watchdog has urged a deal to reopen the Strait of Hormuz, saying that the “urgency” of such an agreement has increased.Global oil supply is projected to fall by 4.3 million barrels per day in 2026 due to production losses in the Middle East and Russia. Meanwhile, President Donald Trump claims that US forces maintain complete control over the Strait of Hormuz, threatening military action against any interference. US forces fired missiles at a Panamanian-flagged vessel in the Gulf of Oman after accusing it of trying to breach a blockade on Iranian ports. In fullIran-US war latest: Oil stockpiles ‘rapidly depleting’ despite Trump claiming ‘total control’ of Strait of HormuzMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
