IEA Lowers Oil Demand Forecast for 2026 Amid Gulf Disruptions, Predicts Recovery by 2027

The International Energy Agency (IEA) has revised its global oil demand outlook downward for 2026 due to ongoing supply disruptions in the Gulf region. It now forecasts a contraction of 1.1 million barrels per day next year but anticipates recovery starting in 2027 as trade routes stabilize and economic conditions improve.

By Fiona Craig Sat, June 20, 2026 at 7:12 PM GMT+3 3 min read · Yahoo Finance · June 20, 2026, 16:12 UTC

Topics: gulf crisis IEA report oil demand Strait of Hormuz U.S.-Iran agreement

Read the full article at Yahoo Finance

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