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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

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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