Renewed US-Iran hostilities could derail 2027 global oil surplus: IEA

Jul 11, 2026 - 12:04 - 00:04 1,002

Renewed US-Iran hostilities could derail 2027 global oil surplus: IEA

The IEA has warned that renewed US-Iran hostilities could derail its forecast of a global oil surplus in 2027 despite a rebound in supplies after the Strait of Hormuz reopened

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