OPEC cuts demand forecast amid Hormuz tensions
after close1 source ↓written by the desknot a recommendation
- which handles
- 20% of global oil trade
- passed through recently
- 4 ships
- amid these challenges
- 780,000 bpd
Oil supply concerns are heightened due to renewed US-Iran tensions affecting the Strait of Hormuz, which handles 20% of global oil trade. Only 4 ships passed through recently, jeopardizing crude and LNG exports. OPEC+ has restricted its 2026 oil demand growth forecast to 780,000 bpd amid these challenges.
Not investment advice. For informational purposes only.