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Hormuz closure could push oil markets into 'red zone': IEA
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.
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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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theguardian.com
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
