World facing a glut of oil after Iran peace deal

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International Energy Agency predicts ‘significant overhang’ in supply next year

Strait of Hormuz
The US and Iran are preparing to sign a preliminary deal to reopen the Strait of Hormuz Credit: Reuters

International Economics Editor

Hans van Leeuwen is the Telegraph's International Economics Editor. See more

Published

Donald Trump’s peace deal with Iran could leave the world with more oil than it needs, the International Energy Agency (IEA) has forecast…

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