LONDON - The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the Internat...

Elevated inflation and supply-chain strains are likely to linger through the end of 2026. Read more at straitstimes.com. Read more at straitstimes.com.

LONDON: The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency…