IEA says U.S.-Iran escalation may delay Middle East oil flow recovery
The International Energy Agency expects Middle East oil-flow recovery to stretch into next year due to escalating attacks on Gulf shipping and Houthi threats affecting Red Sea shipping.
The International Energy Agency said a recovery in Middle East oil flows is now expected to extend into next year, as escalating attacks on Gulf shipping and Houthi threats in the Red Sea continue to strain key energy routes. -Iran confrontation is adding to the pressure on the region's oil transport network.