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Oil market could enter ‘red zone’ by July as stocks dwindle: IEA chief
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Oil market could enter ‘red zone’ by July as stocks dwindle: IEA chief

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IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional reopening of the Strait of Hormuz.

Oil markets could soon enter a "red zone" as global stocks deplete and as demand picks up during the summer travel season, the head of the International Energy Agency warned on Thursday. IEA Executive Director Fatih Birol said the single most importa... [1501 chars]

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Source: CNBC

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