Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says

Thread starter International: Top News And Analysis
Start date Aug 12, 2026

International: Top News And Analysis

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Aug 12, 2026

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.

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Title: Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says

Prefix: N/A

Forum: World News

Start date: Aug 12, 2026

Last reply date: Aug 12, 2026

Replies: 0

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Created: International: Top News And Analysis, Aug 12, 2026

Replies: 0

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