BUSINESSJul 10 · 08:49 UTCMIDDLE EAST EYEElis Gjevori

Energy agency expects global oil demand to fall in 2026

The International Energy Agency forecasts global oil demand to fall by one million barrels a day in 2026 due to the United States-Iran conflict, which is creating economic uncertainty. Oil production increased in June but remains below pre-war levels, and the conflict could disrupt expectations of a 2027 oil surplus.

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International Energy AgencyorganizationUnited StatesplaceIranplaceOil Demandtopicoil productiontopicconflict between United States and Irantopic

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