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Mon · 17 Aug 2026

IEA Chief Warns Global Oil Inventories Have Weeks, Not Months, Left

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IEA Chief Warns Global Oil Inventories Have Weeks, Not Months, Left

🛢️ ENERGY — Weeks left sounds different when the NSC meets tomorrow. 📌 LOOK CLOSER: IEA already flagged 4M bbl/day Hormuz deficit through October. "Weeks" now puts the critical threshold inside the diplomatic window — before any deal could physically reopen flows. Markets pricing $130-140 worst-case just got a timeline. Central banks, energy ministers, and Tuesday's NSC now share the same countdown.

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