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IEA slashes 2026 oil supply forecast as Hormuz closure deepens
The agency now sees a 1.8 million barrel-per-day deficit in the third quarter, more than double its prior estimate, as Gulf output remains 8.3 mb/d below pre-war levels
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thenationalnews.com
Oil disruptions from Iran war to continue through next year, US says | The National
Energy Information Administration estimates Middle East shut-ins averaged 5.5 million bpd in July
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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.
