Global oil markets are beginning to recover from months of disruption, but the International Energy Agency says the outlook remains heavily dependent on whether shipping through the Strait of Hormuz can continue without major incidents.
The IEA warns that renewed fighting in the region could quickly derail the recovery, highlighting the importance of maintaining stability in the critical waterway. As oil prices continue to fluctuate, the agency's warning serves as a reminder of the delicate balance between supply and demand in the global oil market.