Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says

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May 21, 2026 - 11:57
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Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional reopening of the Strait of Hormuz.

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