IEA warns of global oil supply deficit due to Middle East conflict
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International Energy Agency (IEA)
Global
August 12, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 18/12/2026, 10:41:05 PM
Global oil supply is expected to fall by 4.3 million barrels per day this year. Supply deficit is widening due to hostilities in the Middle East and Strait of Hormuz disruptions. IEA forecasts a supply deficit of 1.8 million bpd for July-September.
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IEA warns of global oil inventory decline due to renewed Iran conflict
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