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OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens

The IEA said on Wednesday that a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year.

OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens

Published June 18, 2026 · Category: Finance

Overview

The IEA said on Wednesday that a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year.

Source

Originally published at www.cnbc.com.

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