EIA Projects Continued Oil Supply Disruptions in the Middle East Through 2027
The U.S. Energy Information Administration (EIA) has reported that ongoing tensions and the closure of the Strait of Hormuz will keep 600,000 barrels per day of Middle East oil offline until the end of 2027. This disruption has led to increased oil price forecasts as supply remains constrained. The EIA's Short-Term Energy Outlook indicates that while production may return to pre-conflict levels by early 2027, significant disruptions are expected to persist.
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EIA Sees 600,000 Bpd of Middle East Oil Still Offline by End-2027
The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the Middle East will remain shut in through the end of next year, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO) this week. The renewed tensions in the Middle East that began in late July and have been simmering so far in August will keep traffic at Hormuz severely constrained through this month, which has prompted the EIA to hike its third-quarter oil price forecasts as lower supply would…
US expects oil supply disruptions of 600,000 barrels daily from Iran conflict through 2027
Prolonged oil supply disruptions could lead to sustained higher prices, impacting global economies and increasing geopolitical tensions. The post US expects oil supply disruptions of 600,000 barrels daily from Iran conflict through 2027 appeared first on Crypto Briefing .
Middle East oil output to remain below pre-conflict levels in 2027
Middle East oil output to remain below pre-conflict levels in 2027
Short-Term Energy Outlook
(Tue, 11 Aug 2026) strong>Global oil market assumptions. /strong> We have increased our estimates of Middle East shut-in crude oil production in the coming months compared with our July forecast due to continued severe constraints on Strait of Hormuz transits, which we assume persist through August. We expect most crude oil production in the region to return to near pre-conflict averages in early 2027; however, we expect ongoing disruptions of about 0.6 million barrels per day to continue through the end of next year.