BRUSSELS, 26 June. - (ANA) - The European ​Union's ​oil co-ordination ​group said ⁠on Friday that ⁠while flows of ​oil were slowly recovering following ⁠a preliminary pact to try to end the Iran war, it ⁠would nevertheless take some ​time ⁠for ‌those supplies to reach Europe.

 

"The ​Oil Coordination Group noted reports that trade flows are slowly beginning to recover following the memorandum of understanding signed between the United States and Iran last week. However, the group also noted that it will take ​time for supplies ‌from the ⁠region to reach ​Europe," it said.

 

"As ​regards ‌crude oil, the group ⁠noted that the situation ⁠is stable for the time being, largely owing to global stock draws in the last ​months," it added in a statement. - (ANA) - 

 

 

AB/ANA/26 June 2026 - - -