The IEA expects global oil demand to fall for the first time since 2020, citing the Iran war and Strait of Hormuz disruptions.

OPEC has trimmed its 2026 global oil demand growth forecast for the third straight month, even as crude production rebounds across the Gulf and tanker traffic slowly returns to…

OPEC cuts 2026 oil demand forecast while raising 2027 outlook. Crude oil reaches a new all-time high by September 30 at 6.2% YES.

The IEA expects global oil demand to fall for the first time since 2020, citing the Iran war and Strait of Hormuz disruptions.

IEA forecasts first drop in global oil demand since 2020 for 2026. Crude oil reaching a new all-time high by September 30 at 5% YES.

IEA warns of threats to global oil security amid Iran tensions. WTI reaching $110 in July 2026 at 2.3% YES.