WS #13913
IEA cuts 2026 oil demand forecast by 1.6M bpd as Hormuz closure persists; shipping traffic hits one-week low; Iran appoints hardliners, Trump claims total control; ADNOC offers to shuttle Iraqi oil, partially offsetting supply fears.
Oil supply disruption and demand destruction
IEA cuts 2026 oil demand forecast by 1.6M bpd as Hormuz closure persists; shipping traffic hits one-week low; Iran appoints hardliners, Trump claims total control; ADNOC offers to shuttle Iraqi oil, partially offsetting supply fears.