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

Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus…