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Middle East

June 17, 2026 3:30 PM

IEA sees significant 2027 oil surplus after Hormuz recovery

The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait ‌of Hormuz, the International Energy Agency said in its monthly oil market report on Wednesday. The U.S. has announced an interim ag...

June 17, 2026 3:02 PM

Explainer : Has Trump achieved his goals in the war with Iran? 

Shortly after the U.S. and Israel launched airstrikes on Iran on February 28, U.S. President Donald Trump laid out a host of objectives, from destroying Iran's ballistic missile capabilities to ensuring Tehran can never have a nuclear weapon. More t...

Last updated on: 21st June 2026

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