Global energy markets foresee steady oil recovery post-war
The International Energy Agency expects the oil market to gradually recover after the impacts of Iran's war and the closure of the Strait of Hormuz, with the stoppage of more than 14 million barrels per day from the Middle East. Projections indicate a decline in global oil demand by 1.1 million barrels per day in 2026, while supply continues to decrease by 3.9 million barrels per day. It is also anticipated that Gulf region production and exports will gradually recover following the implementation of the agreement between the United States and Iran to end the war and lift the blockade.
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