Commodities
Oil supplies set to outstrip demand if peace deal holds - IEA
By Abigail Townsend
Date: Wednesday 17 Jun 2026
(Sharecast News) - Oil supplies are set to outstrip demand next year, the International Energy Agency forecast on Wednesday, after the US and Iran agreed a tentative peace deal.
Publishing its latest monthly report, the influential Paris-based body said shipments through the Strait of Hormuz were already on the rise.
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