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Hormuz standoff derails oil supply recovery and deepens demand slump, IEA says
Global oil demand is set for deeper contraction this year as renewed hostilities in Middle East, shipping disruptions push up fuel prices, weigh on consumption | World News
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cnbc.com
Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
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channelnewsasia.com
IEA cuts 2026 oil demand forecast again as Hormuz remains shut
PARIS: The International Energy Agency on Wednesday (Aug 12) sharply reduced its forecast for global oil demand this year, as supplies remain crimped by the closure of the Strait…
