IEA Warns US-Iran Escalation Threatens Global Oil Supply as Doha Talks Loom
New Delhi, July 10 -- DOHA - The International Energy Agency warned Thursday that renewed US military strikes against Iran risk unraveling a tentative recovery in global oil supply, as Qatar braced to host diplomatic talks following Supreme Leader Ali Khamenei's state funeral.
The IEA's alert came two days after Washington conducted strikes against what the Pentagon described as 90 additional Iranian military and nuclear-adjacent facilities, an expansion from the 85 targets struck July 8 in what senior US officials called a "second phase" of operations. Brent crude traded at $76.37 as shipping through the Strait of Hormuz slowed sharply, with Iran's Islamic Revolutionary Guard Corps confirming a "heightened operational posture" that effe...
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