IEA Warns U.S.-Iran Tensions Could Disrupt Oil Surplus Outlook
The International Energy Agency (IEA) warned that renewed hostilities between the United States and Iran could disrupt forecasts of an oil market surplus in 2026. Despite a partial recovery in supply through the Strait of Hormuz, global output remains below pre-war levels, while demand is slowly rebounding.
Topics: IEA report oil surplus forecast Strait of Hormuz U.S.-Iran tensions