IEA says world oil supply to fall by 3.9 million bpd in 2026

AI Briefing

• – IEA predicts global oil supply will fall by 3.9 million bpd in 2026.
• – The decrease is attributed to the gradual resumption of oil flows from the Strait of Hormuz.
• – Strait of Hormuz supplies nearly 20% of the world's energy.