Oil Demand Drops Amid Middle East Turmoil | Business and Finance News

Global oil demand could drop for the first time since 2020, with the IEA forecasting a 1 million barrel-per-day decline by 2026, driven by Middle East turmoil and blocked shipping lanes like the Strait of Hormuz. Countries scramble for alternatives as energy security becomes a top priority, while OPEC also lowers its demand outlook—highlighting how fragile global supply chains are and how critical Middle East stability remains for market recovery. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a17dfe2b6ac91d0e