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Oil markets could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says

  • Posted on May 21, 2026
  • By CNBC
  • 0 Views
  • 1 min read
Oil markets could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
Oil markets could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says

IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is a full and unconditional reopening of the strategically vital Strait of Hormuz.
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CNBC

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