IEA warns of energy security risks from the Strait of Hormuz crisis. WTI reaching $110 by July 2026 at 2.5% YES.

Iran keeps the Strait of Hormuz closed, raising concerns over oil supply. WTI Crude at $90 in July 2026 now at 29.6% YES.

IEA warns Hormuz closure could trigger an energy crisis. WTI reaching $110 in July 2026 at 2.8% YES.