VERIFIEDET Finance·17 Jun 2026neutral

IEA sees gradual Hormuz recovery tipping into significant 2027 surplus

AI Summary

·The Strait of Hormuz is expected to reopen following a US-Iran agreement, ending a major oil supply disruption.
·The International Energy Agency forecasts a gradual recovery in the global oil market.
·A significant oil surplus is predicted by 2027 as millions of barrels of Middle East oil output return to the market.