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US-Iran fresh conflict reignites oil market fears as IEA sees fragile demand rebound
The crude oil output and exports are recovering after the Strait of Hormuz reopened, but renewed conflict poses a fresh risk, says International Energy Agency.
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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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cnbc.com
World oil demand set for first annual decline since 2020, IEA says
Renewed escalation in the U.S.-Iran war could complicate matters and further cloud the outlook, the IEA warned Friday.
