WS #14000
OPEC and IEA cut 2026 oil demand forecasts, sending WTI down 2.5% to $81.16 and Brent down 2.2% to $86.29, a mixed-cohort event bearish for energy producers but bullish for airlines and consumers. Iran asserts full control of the Strait of Hormuz, rejecting Trump's claims, while Houthis claim a drone attack on an Aramco refinery in Jizan, keeping oil supply risk elevated.
Oil price collapse and demand downgrades
OPEC and IEA cut 2026 oil demand forecasts, sending WTI down 2.5% to $81.16 and Brent down 2.2% to $86.29, a mixed-cohort event bearish for energy producers but bullish for airlines and consumers.
Iran asserts full control of the Strait of Hormuz, rejecting Trump's claims, while Houthis claim a drone attack on an Aramco refinery in Jizan, keeping oil supply risk elevated.