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IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast
"An escalation in hostilities on 7-8 July, however, clouds the outlook and could upend the forecast that sees the market flipping to a surplus next year"
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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
Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal | OilPrice.com
Renewed U.S.-Iran hostilities and attacks on commercial shipping have reignited fears of supply disruptions through the Strait of Hormuz, sending oil prices sharply higher.
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economictimes.indiatimes.com
Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopening
Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus…
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scmp.com
Tanker transit through Strait of Hormuz plunges as US-Iran ceasefire fractures
Renewed hostilities could undermine credibility of future ceasefires with long-term impact on global energy markets, inflation and risk premiums, analyst says.
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aljazeera.com
US-Iran escalation threatens oil supply recovery, warns IEA
Sources suggest that the ceasefire can be revived amid a lull in fighting and backroom diplomacy.
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zerohedge.com
IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast
"An escalation in hostilities on 7-8 July, however, clouds the outlook and could upend the forecast that sees the market flipping to a surplus next year"
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Stronger Oil Recovery at Risk if Hormuz Deal Crumbles: IEA
The IEA eased its forecast declines for global oil supply and demand this year as June proved stronger than expected. But Hormuz hangs in the balance.