Oil Oversupply Narrative Ends Amid Rising Tensions and Strong Demand

Rising U.S.-Iran tensions have pushed Brent crude above $85, ending the oversupply narrative in oil markets. The anticipated LNG glut for 2026 has been delayed to 2028 due to geopolitical conflicts and project delays.

By Tom Kool Tue, July 14, 2026 at 7:00 PM GMT+3 7 min read · Yahoo Finance · July 14, 2026, 16:00 UTC

Oil Oversupply Narrative Ends Amid Rising Tensions and Strong Demand

Tickers: $BX $SHEL $WMB

Topics: El Niño impact energy market dynamics LNG supply oil prices US-Iran tensions

Read the full article at Yahoo Finance

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