OPEC sees slower demand growth this year as production falls more than 30% on Hormuz closure
- Posted on May 13, 2026
- By CNBC
- 0 Views
- 1 min read
OPEC sees slower demand growth this year as production falls more than 30% on Hormuz closure
Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.
