Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August

Commercial oil stocks are falling "very fast" as Gulf supplies remain disrupted by the Middle East war, even with the release of strategic reserves by governments worldwide, 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

Brent crude tops $100 as the Iran war disrupts Strait of Hormuz oil flows. G7 releases 400M barrels from reserves ahead of peak travel season demand.

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.

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

Le directeur exécutif de l'AIE redoute une pénurie d'offre "en juillet ou en août", en cas de non résolution du conflit.

While a surplus of oil in the market before the war has helped absorb the energy shock it caused, "stocks are eroding", said Fatih Birol.

Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August

The oil market is heading into what Fatih Birol calls the "red zone" this summer.

The International Energy Agency warned that as travel demand grows during the summer season, oil markets could enter a "red zone" soon.

Saat ini persediaan minyak terus terkikis. Di sisi lain, tidak ada pasokan minyak baru yang mengalir dari Timur Tengah akibat krisis Selat Hormuz.

We are facing the largest energy shock in living memory, the energy boss warned

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.

Global oil markets remain under severe stress as Hormuz disruptions, weak economic data, and tightening inventories reshape energy flows worldwide.

IEA warns Hormuz Strait crisis could push global oil markets into a ‘red zone’, draining emergency reserves and driving up fuel prices worldwide.