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    Home»News»Oil Market Could Hit ‘Red Zone’ in July and August, IEA Says
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    Oil Market Could Hit ‘Red Zone’ in July and August, IEA Says

    Whatfinger EditorBy Whatfinger EditorMay 21, 2026No Comments1 Min Read
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    Executive Director of the International Energy Agency Fatih Birol poses for a portrait at the International Energy Agency headquarters in Paris on April 30, 2026. Ludovic Marin/AFP via Getty Images

    The start of summer travel season this year could trigger a global energy crisis if the Strait of Hormuz remains closed and Middle East oil supplies continue to deplete, the head of the International Energy Agency (IEA) predicted on May 21.

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    Read Full Article: https://www.theepochtimes.com/world/oil-market-could-hit-red-zone-in-july-and-august-iea-says-6034421/?utm_source=partner&utm_campaign=whatfinger

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