Stocks & Investing·May 21, 2026

Oil markets could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says

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

CNBCMay 211 min readVerified

Oil markets could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says — Image · CNBC

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

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

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

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