Global Market: IEA sees global oil demand recovering as Strait of Hormuz flows resume
- Posted on July 10, 2026
- By Business News Today
- 0 Views
- 1 min read
Global Market: IEA sees global oil demand recovering as Strait of Hormuz flows resume
Global oil demand is showing signs of recovery as shipments through the Strait of Hormuz resume and crude prices ease, the International Energy Agency (IEA) said. While the agency raised its demand outlook slightly, it cautioned that consumption and production remain well below pre-conflict levels amid lingering Middle East tensions.
