The International Energy Agency reported that global oil supplies rose in June by about 4.1 million barrels per day compared to the previous month, to reach 98.76 million barrels, supported by the partial recovery in Gulf countries’ production after the resumption of the flow of oil through the Strait of Hormuz.

According to the oil market report issued by the agency, despite this rise, global oil production remained about 9.4 million barrels per day below its levels before the outbreak of war between the United States and Israel on the one hand and Iran on the other. Other.

The report stated that oil supplies from the Gulf countries increased in June by about 3.5 million barrels per day compared to the previous month, following the framework agreement between Washington and Tehran that allowed the Gulf countries to partially resume their production. However, the flow of oil through the Strait of Hormuz continued to witness frequent interruptions due to security concerns and the need for the US Navy to accompany the tankers, which kept regional oil supplies about 11.4 million barrels per day below pre-war levels.

The production of the OPEC+ group (which consists of OPEC countries and some non-OPEC producing countries) rose by about 2.45 million barrels per day to reach 38.39 million.barrels per day during the same period.