Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Global Oil Stockpiles Plunge Amid Iran War Tensions

Guavy AI Editorial Team
Instruments
Oil
Share

The International Energy Agency (IEA) has warned that global oil stockpiles are rapidly depleting due to the ongoing Iran war.

The IEA, a global energy watchdog, urged a deal to reopen the Strait of Hormuz, stating that the 'urgency' of such an agreement has increased.

According to projections, global oil supply is expected to fall by 4.3 million barrels per day in 2026 due to production losses in the Middle East and Russia.

More on Commodities

Commodities 3m ago

Copper Prices Soar to Record Highs Amid Supply Shortages

Commodities 3m ago

Middle East Conflict Continues to Shake Oil Markets

Commodities 3m ago

IEA Cuts Oil Supply Forecast Amid Ongoing Middle East Tensions

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy