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IEA Slashes 2026 Oil Demand Outlook Despite U.S.-Iran Agreement To Reopen Hormuz Strait

Posted on June 17, 2026
By International Business Times
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1 min read

IEA Slashes 2026 Oil Demand Outlook Despite U.S.-Iran Agreement To Reopen Hormuz Strait

In its latest Oil Market Report, the IEA agency said global oil demand growth has weakened substantially compared to the optimistic forecasts it published at the start of the year.