The International Energy Agency (IEA) has slashed its oil supply forecast for 2026. This was reported by Qazaqyia.kz citing Reuters.
The agency attributed this decision to the fact that the reopening of the Strait of Hormuz remains elusive. The strait is a strategically important point through which a significant portion of global oil exports passes.
The reduction in the IEA forecast could lead to a tightening of the market, as lower supply volumes would put pressure on prices. Experts are monitoring the impact of this situation on the global energy market.