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Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief
Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August
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cnbc.com
Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
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.
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english.alarabiya.net
Oil market could hit ‘red zone’ in July-August, IEA chief says
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
