Demand Forecast Lowered

OPEC has reduced its oil demand forecast due to ongoing disruptions caused by the Iran conflict.

Track updates on Iran US Conflict.

Hormuz Crisis Impact

The closure and instability in the Strait of Hormuz has significantly affected global oil shipments and supply chains.

Learn more about global oil supply trends.

Market Volatility

Oil prices have surged amid uncertainty, while production levels have declined sharply in affected regions.

Read global economy insights for impact analysis.