{
  "id": 645179,
  "title": "IEA cuts oil demand forecast again amid Hormuz crisis",
  "url": "https://urgent.news/2026/08/12/iea-cuts-oil-demand-forecast-again-amid-hormuz-crisis",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T08:17:39.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1865897-20260812.htm"
  },
  "original_language": "en",
  "account": null,
  "summary": "Global oil supplies will fall by 4.3 million barrels per day (bpd), or around four percent, this year, the International Energy Agency (IEA) said in its monthly oil market report on Wednesday. It comes as renewed hostilities in the Middle East since July are set to plunge the world deeper into an oil-market deficit. \"With an agreement enabling the reopening of Hormuz and unhindered transit…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says",
        "url": "https://urgent.news/2026/08/12/hormuz-closure-squeezes-global-economy-as-oil-demand-destruction",
        "published": "2026-08-12T08:31:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}