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IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast

IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip the outlook for an oil market surplus for next year, the International Energy Agency said on Friday.  Oil prices have plunged since the United States and Iran signed the memorandum of understanding (MoU) in the middle of June, with North Sea Dated prices down by $31 per barrel in...
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Aug 15, 2026 / Tyler Durden
Somali Piracy Surges Amid Hormuz Blockade
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Mar 30, 2026 / Tyler Durden
Global Energy Crisis Or Iranian Surrender In Five Weeks?
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Jun 2, 2026 / Tyler Durden
High-Dose Vitamin D Lowers Diabetes Risk In Some People
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