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IEA Warns Renewed U.S.-Iran Conflict Could Upend Oil Surplus Forecast | OilPrice.com
The IEA says renewed U.S.-Iran hostilities threaten to derail expectations of a global oil market surplus despite recovering crude flows through the Strait of Hormuz.
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energyintel.com
EIA Predicts Return to Global Oil Oversupply in 2027
In its new Short-Term Energy Outlook (STEO), the EIA said last month's US-Iran MOU prompted massive revisions to its prior forecast.
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oilprice.com
Hormuz Tanker Traffic Grinds to a Halt After U.S.-Iran Escalation | OilPrice.com
Renewed U.S.-Iran military clashes have sharply reduced tanker traffic through the Strait of Hormuz, sending oil prices higher and renewing fears of supply disruptions.
