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    IEA Warning: Iran Conflict Triggers an Epic Supply Crisis, Oil Prices Set for Catch-Up Gains

    Release time:

    Apr 28,2026

    Fatih Birol, Executive Director of the International Energy Agency (IEA), has issued a public warning that current oil prices have not fully reflected the unprecedented energy supply crisis stemming from the geopolitical conflict in Iran, and crude oil prices are poised for a sharp catch-up rally going forward.
     
    Speaking at an event held by the Atlantic Council, Birol stated that the escalating tensions in the Middle East, coupled with near-disrupted shipping traffic in the Strait of Hormuz, have paralyzed approximately 13 million barrels of crude oil supply per day. During the conflict, more than 80 regional energy facilities have been damaged, with the longest capacity restoration cycle expected to last up to two years.
     
    The IEA has previously classified the ongoing crude supply disruption as the most severe on record. Birol acknowledged that although oil prices remain elevated at present, they are severely disconnected from actual supply and demand fundamentals. As the crisis continues to escalate, oil prices will gradually align with the mounting supply shortfalls, exerting substantial downward pressure on the global economy.

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    Guangzhou Zhenghao New Material Technology Co., Ltd. is a production and processing enterprise led by the production and research and development of water-based lotion environmental protection additives. The company is located in Huachuang Industrial Park, Xiancun Town, Zengcheng District, Guangzhou, as a new enterprise supported by the state.

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