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IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

LONDON: Global oil supply will fall by 4.3 million barrels per day, or around four per cent, this year, the International Energy Agency said in its monthly oil market report on Wednesday, as renewed hostilities in the Middle East are set to plunge the world deeper into an oil-market deficit.

IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

We haven't written up this one. New Straits Times has the full story — the link below goes straight to it.

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