( July 24, 2026, 09:47 GMT | Official Statement) -- MLex Summary: The EU sees no immediate threat to its oil supply despite renewed hostilities in the Middle East and the blockade of the Strait of Hormuz, following a meeting of the Oil Coordination Group, an EU forum of member states, the European Commission and industry. In a statement published Friday, officials said European demand can continue to be met through commercial stocks and alternative global supplies. However, they warned that a prolonged conflict could tighten oil markets in the coming weeks and months. Press release follows....
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