IEA warns oil stocks shrinking as Hormuz tensions persist, despite Trump’s control claim
TL;DR
Global oil stockpiles are rapidly depleting, with the IEA forecasting a 4.3 million barrel-per-day drop in 2026 as losses in the Middle East and Russia bite, while the Strait of Hormuz reopening remains elusive; despite Trump’s claim of total US control, market volatility continues as oil prices climb and shipping disruptions persist.
- Iran war live: Oil stockpiles ‘rapidly depleting’ despite Trump’s claim about Hormuz The Independent
- The Trump administration claims oil is flowing normally again. There’s just one problem CNN
- Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says CNBC
- Hormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ
- Global energy watchdog warns oil stockpiles ‘rapidly depleting’ – business live The Guardian
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Read on The Independent