The oil market, in the "red zone". The warning from the head of the International Energy Agency (IEA)

The oil market is in a critical situation, with global stocks rapidly declining, according to warnings from the International Energy Agency (IEA) and Goldman Sachs.

Fatih Birol, the director of the IEA, emphasized that markets could enter the "red zone" starting in July if the Strait of Hormuz is not fully opened, considering this reopening as the "most important solution" for the energy crisis exacerbated by the conflict with Iran.

Exports through the Strait of Hormuz are 95% below normal levels, and fuel demand will significantly increase with the summer season in the U.S. Oil prices have risen by nearly 40% since the beginning of the war, with WTI crude exceeding $97 per barrel. Analysts warn that the market risks a strong shock to demand and supply, and the general sentiment is that the energy crisis is far from over.