IEA deepens 2026 oil supply forecast as Iran war disrupts flows
The International Energy Agency has slashed its 2026 global oil supply forecast to the lowest level of the year, following the continued closure of the Strait of Hormuz and attacks in the Bab Al Mandeb strait. The IEA is now projecting a 4.3 million barrel-per-day decline, 600,000 bpd deeper than it forecast a month ago. In its closely watched monthly oil market report released on Wednesday, the…
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