IEA Warns Escalating U.S.-Iran Conflict May Threaten 2027 Oil Supply Surplus Outlook

According to the International Energy Agency (IEA), escalation of the U.S.-Iran conflict could threaten the anticipated oil supply surplus in 2027, with global crude prices maintaining volatile trading patterns overnight. The agency's warning underscores growing geopolitical risks to the energy markets as tensions in the region continue to pose uncertainty to longer-term supply forecasts.
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