VIENNA, 14 August. - (ANA) - Efforts to reopen the Strait of Hormuz are becoming increasingly urgent as the International Atomic Energy Agency (IAEA) warned that global oil supply is now forecast to fall by 4.3 million barrels per day, 600,000 more than it forecast a month ago, this year. 

 

Global oil demand is expected to decline by an average of 1.6 mb/d in 2026.

 

Oil prices eased on Thursday after gains in previous sessions, as attention turned to expectations of weaker global oil demand this year. Brent slipped toward $88 a barrel, after rising 12 per cent over the prior six days, while West Texas Intermediate was near $82. -(ANA) -

 

AB/ANA/14 August 2026 - - -