The IEA forecasts global oil demand will decline by 1.1 million barrels per day in 2026 due to Iran war disruptions, with ripple effects across markets.

The IEA forecasts the first annual decline in global natural gas demand since 2022 as the Iran conflict drives prices to their highest levels since January

EIA forecasts global oil output to return to pre-Iran conflict levels by end of 2026. WTI Crude above $110 in July 2026 at 1.0% YES.