The conflict in the Middle East is a major concern for the ongoing peace talks in the Persia Gulf, which is the strategically important waterway of the Persia, which is still in a standstill, which is a threat to the global energy market. As a result, there is a high risk of shock in the global oil supply.
Aljazeera in a report According to the International Energy Agency (IEA), the global daily oil supply may decrease by 39 million barrels in 2026 due to the ongoing disruption in the Strait of Hormuz.
The latest report from the global oil market, the company said, the crisis in the Strait of Hormuz is intensifying after more than 10 weeks of war in the Middle East, which is why global oil reserves are slowing at a record pace.
The report also said that global oil demand is in the current year. The daily income may be reduced by 420,000 barrels, but the supply shortage is much higher than the decrease in demand, but there is a fear of instability in the market.
The IEA warns that oil reserves will be reduced quickly and there may be a risk of ups and downs in oil prices in the international market in the future.
The Strait of Hormuz, one of the world's most important fuel transport routes, is transported in large quantities of crude oil every day.
