International Energy Agency
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financeIEA Demands Strait of Hormuz Reopen Within 60 Days Following US-Iran Framework
IEA Executive Director Fatih Birol welcomes the US-Iran deal but mandates a 60-day timeline for reopening the Strait of Hormuz to stabilize global energy markets and prevent further reserve depletion.
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financeUS-Iran Peace Deal Signals Relief as IEA Forecasts Severe 2026 Oil Deficit
Brent crude drops to $84 as US and Iran sign interim peace deal. IEA projects 3.9 million bpd supply deficit in 2026 following Strait of Hormuz disruptions.
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financeS&P 500 Drops as Fed Signals Potential Rate Hike Amid Inflation Fears
US equities fell and bond yields rose after the Federal Reserve held rates steady. New projections indicate a possible rate hike later this year as inflation concerns persist under Chairman Kevin Warsh.
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financeRussian Crude Output Hits One-Year Low as Ukrainian Strikes Cripple Refineries
Ukrainian drone campaigns have forced over 10% of Russian refining capacity offline, driving crude production to 8.8 million barrels per day and reshaping export strategy.
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financeUS Unveils Strategic Energy Push to Secure ASEAN Markets
The US releases 172 million barrels from reserves and expands LNG exports to Southeast Asia, countering Middle East supply shocks.
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worldOil Prices Slide as Trump Calls Off Planned Military Strike on Iran
Brent crude drops 1.33% after Trump postpones Iran attack. IEA warns oil inventories depleting rapidly amid Gulf supply disruptions.
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worldGlobal Oil Inventories Drain at Record Pace, IEA Warns of Price Swings
Global oil stockpiles drop by 246 million barrels in two months amid Middle East war and Strait of Hormuz disruption, IEA reports.
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worldMorgan Stanley Warns of Oil Price Shock if Strait of Hormuz Stays Closed
Morgan Stanley flags rising oil price risk as Strait of Hormuz closure threatens supply, supporting WTI above $150.