IEA Warns Renewed U.S.-Iran Conflict Could Upend Oil Surplus Forecast

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• Free Analysis Rule Based Analysis not AI OIL Neutral 50% 6h
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Original source

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 June to $68 a barrel by early July, their lowest since January and…

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Original article published by OilPrice.com on July 10, 2026. Analysis and insights provided by AnalystMarkets AI.

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