IEA sees significant 2027 oil surplus after Hormuz recovery (opens original article in a new tab)

The International Energy Agency predicts a significant oil supply surplus in 2027 after the Strait of Hormuz recovers, as mentioned in its monthly oil market report. The U.S. has announced an interim agreement to end the Iran-related issues.

• IEA predicts a significant oil supply surplus in 2027 following the recovery of the Strait of Hormuz
• The International Energy Agency mentioned the surplus in its monthly oil market report
• The U.S. has announced an interim agreement to end the Iran-related issues