BUSINESS● ELEVATEDAug 12 · Aug 12, 2026, 2:50 PM
IEA and OPEC split on global oil demand estimates as Strait of Hormuz closure drags
EuroNews [en]
The world's two most watched oil forecasters published sharply conflicting views of 2026 on Wednesday, with the IEA deepening its call for the first annual demand decline since the pandemic while OPEC still sees consumption growing, as the closure of the Strait of Hormuz drags on.
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