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

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

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

Países productores de petróleo de la OPEP+ podrían acordar un modesto aumento de la producción para julio cuando se reúnan el 7 de junio.

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

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

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