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The Guardian Business · May 13, 2026 12:58 PM EDT EnergyGeopolitics

Global oil inventories falling at record pace amid Iran war; UK bond recovery fizzles out as Streeting ‘prepares challenges’ – business live

IEA warns that mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a record paceGlobal oil stocks are being run down at a record pace as supply losses mount due to the ongoing Iran war, the International Energy Agency has warned.In its latest outlook report, the IEA reports that global oil inventories fell by 129 million barrels in March, and by a further 117 million barrels in A…

Global oil inventories falling at record pace amid Iran war; UK bond recovery fizzles out as Streeting ‘prepares challenges’ – business live
Image The Guardian Business

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