France: IEA sees oil demand recovery, warns renewed US-Iran clashes threaten outlook.

Shotlist Paris, France - Oct 13, 2021 (CCTV - No access Chinese mainland) 1. International Energy Agency (IEA) building Paris, France - July 3, 2017 (CCTV - No access Chinese mainland) 2. Various of logo of IEA Strait of Hormuz - June 5-6, 2026 (CCTV - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 3. Various of stranded vessels in Strait of Hormuz Kharg Island, Iran - 2016-2018 (CGTN - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 4. Various of Kharg Island, oil facilities Kuwait - Aug 7, 2017 (CCTV - No access Chinese mainland) 5. Various of oil drilling rig in operation Saudi Arabia - Date Unknown (CCTV - No access Chinese mainland) 6. Various of workers at oil refinery Thailand - Date Unknown (CGTN - No access Chinese mainland) 7. Various of gas station; vehicles being refueled Mumbai, India - June 29-30, 2026 (CGTN - No access Chinese mainland) 8. Various of gas station, board showing diesel, compressed natural gas prices Los Angeles, California, USA - April 2026 (CGTN - No access Chinese mainland) 9. Traffic Rome, Italy - October, 2021 (CCTV - No access Chinese mainland) 10. Various of street views, traffic Storyline As oil flows through the Strait of Hormuz resumed in June, global oil prices fell and demand began to recover, but renewed exchanges of fire between the United States and Iran are clouding the market outlook, the International Energy Agency (IEA) said on Friday. In its latest monthly oil market report, the agency noted that global oil consumption is rebounding from the lows recorded in May. The report said that oil production in parts of the Gulf region had begun to recover as oil shipments through the Strait of Hormuz gradually resumed. Global daily oil supply rose by 4.1 million barrels in June to 98.8 million barrels, yet that level remains roughly 9.4 million barrels below the pre-war figure. Gulf region daily oil exports climbed by 6.5 million barrels to 16.1 million barrels in June, still well below the approximately 24 million barrels per day registered before the war. Despite a sharp drop in international oil prices in June, the IEA cautioned that renewed exchanges of fire between the United States and Iran this week had clouded the outlook, saying that reaching "a lasting peace agreement" was "a must for the normalization in oil markets." The IEA said global oil supply could improve further if renewed hostilities are swiftly de-escalated. If transit volumes through the Strait of Hormuz increase, global oil supply is expected to expand by 7.5 million barrels per day in 2027, the agency said.