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
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- IEA cuts 2026 oil demand forecast again as Hormuz remains shut freemalaysiatoday.com
- Oil prices near 2-week high as Hormuz remains closed, Houthi strikes continue hellenicshippingnews.com
