The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and depleting stocks could push the oil market into the

At this pace, some commercial inventories could fall to minimum operating levels – thresholds below which storage systems can no longer function efficiently – as early as August

IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional reopening of the Strait of Hormuz.