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OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

Posted on June 18, 2026
By International Business Times
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1 min read

OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA) that the global oil market is headed toward a major supply glut.