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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.

1 report1 sourceJun 18, 2026, 3:19 PM
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CNBCJun 18, 2026, 3:19 PM

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.

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