economy
OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens
The IEA said on Wednesday that a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year.
TL;DR
- A lasting resolution to the conflict could boost oil supply.
- This could trigger a major oil overhang next year.
- The IEA made this statement on Wednesday.