The International Energy Agency said on the 10th that with the resumption of oil transportation in the Strait of Hormuz in June and the fall in international oil prices, global oil demand has begun to “recover,” but the US and Iran recently exchanged fire again, casting a shadow over the market outlook. According to the monthly oil market report released by the International Energy Agency on the same day, global oil consumption has rebounded from a low in May, and “global oil demand is recovering.” The agency previously predicted that due to the war in Iran, the average daily demand for global oil this year will drop by about 1.1 million barrels over the same period last year. The latest report adjusted this expected drop to 1 million barrels. According to the report, with the initial resumption of oil transportation in the Strait of Hormuz, oil production in the Gulf region has partially rebounded. In June, the average daily supply of global oil increased by 4.1 million barrels to 98.8 million barrels, but it is still about 9.4 million barrels lower than before the war broke out in Iran. The average daily oil export volume of the Gulf region increased by 6.5 million barrels to 16.1 million barrels in June, but it is still far below the average of 24 million barrels per day before the outbreak of war. However, the International Energy Agency said that despite a sharp drop in international oil prices in June, the US and Iran recently exchanged fire again, casting a shadow over market prospects. “Reaching a lasting peace agreement is a necessary condition for the oil market to return to normal.”

The International Energy Agency said on the 10th that with the resumption of oil transportation in the Strait of Hormuz in June and the fall in international oil prices, global oil demand has begun to “recover,” but the US and Iran recently exchanged fire again, casting a shadow over the market outlook. According to the monthly oil market report released by the International Energy Agency on the same day, global oil consumption has rebounded from a low in May, and “global oil demand is recovering.” The agency previously predicted that due to the war in Iran, the average daily demand for global oil this year will drop by about 1.1 million barrels over the same period last year. The latest report adjusted this expected drop to 1 million barrels. According to the report, with the initial resumption of oil transportation in the Strait of Hormuz, oil production in the Gulf region has partially rebounded. In June, the average daily supply of global oil increased by 4.1 million barrels to 98.8 million barrels, but it is still about 9.4 million barrels lower than before the war broke out in Iran. The average daily oil export volume of the Gulf region increased by 6.5 million barrels to 16.1 million barrels in June, but it is still far below the average of 24 million barrels per day before the outbreak of war. However, the International Energy Agency said that despite a sharp drop in international oil prices in June, the US and Iran recently exchanged fire again, casting a shadow over market prospects. “Reaching a lasting peace agreement is a necessary condition for the oil market to return to normal.”