{
  "id": 657723,
  "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-657723",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T10:47:20.000Z",
  "source": {
    "name": "CNBC World",
    "slug": "cnbc-world",
    "url": "https://www.cnbc.com/2026/08/12/iea-oil-demand-hormuz.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "RTHK News - Finance",
        "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",
        "published": "2026-08-12T08:17:39.000Z"
      }
    ]
  },
  "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."
}