{
  "id": 6734774,
  "title": "IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows",
  "url": "https://urgent.news/2026/09/11/iea-warns-2026-oil-supply-gap-will-widen-on-delayed-return-of-normal",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-11T09:13:36.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/world/iea-warns-2026-oil-supply-gap-will-widen-delayed-return-normal-gulf-flows-6378336"
  },
  "original_language": "en",
  "account": "The International Energy Agency (IEA) has warned that the global oil supply gap will widen beyond expectations in 2026, as the delayed return of normal Gulf flows due to the Iran war sends fuel prices soaring. Attacks on oil tankers in the Middle East have contributed to crude prices reaching US$110 a barrel for the first time since May. However, the surge in diesel prices has reached record highs. The IEA now expects world oil supply in 2026 to fall by 5.7 million barrels per day, a 6% decrease, up from the previously anticipated 4% reduction. Global stocks have hit a record low, with a 3.1 million bpd drop in August. With diminishing inventories and a strained refining system, the need for Middle East conflict resolution is more urgent than ever to avoid further market tightening. Demand is also falling more than expected, with world oil demand projected to decrease by 2.5 million bpd this year, exceeding the IEA's earlier forecast of a 1.6 million bpd drop.",
  "summary": null,
  "key_points": [
    "IEA predicts 2026 oil supply gap to widen by 5.7 million bpd",
    "Gulf flows delayed return due to Iran war driving up fuel prices",
    "Global stocks hit record low with 3.1 million bpd drop in August"
  ],
  "editors_take": "The widening oil supply gap, driven by delayed Gulf flows and rising fuel prices, intensifies pressure on the market, highlighting an urgent need for Middle East conflict resolution to avert further tightening.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows",
        "url": "https://urgent.news/2026/09/11/iea-warns-2026-oil-supply-gap-will-widen-on-delayed-return-of-normal-6740190",
        "published": "2026-09-11T09:13:36.000Z"
      }
    ]
  },
  "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."
}