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IEA warns of sharp drop in global oil stocks due to Hormuz Strait closure

UPI
August 12, 2026 at 2:19 PM
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IEA warns of sharp drop in global oil stocks due to Hormuz Strait closure

The International Energy Agency warned of sharp drop in oil stocks amid renewed disruption to exports from Gulf producers with "lower volumes" at sea.

The International Energy Agency warned of sharp drop in oil stocks amid renewed disruption to exports from Gulf producers with "lower volumes" at sea.