Event Brief
Oil falls after IEA forecasts supply glut next year
Filed: Jun 18, 2026 at 1:00 AM ET
Summary: Oil prices fell as the International Energy Agency forecast a supply glut next year following a U.S.-Iran deal.
WHO: International Energy Agency
WHAT: The International Energy Agency forecast a supply glut next year, contributing to a fall in oil prices.
WHEN: Jun 17, 2026 at 9:49 PM ET
WHERE: Location not specified
WHY: The forecast of a supply glut next year after the U.S.-Iran deal.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
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