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Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says - CNBC

Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says CNBCThe Trump administration claims oil is flowing normally again. There’s just one problem CNNIEA slashes 2026 supply forecast as Hormuz reopening remains elusive ReutersUS Sees Iran War Oil Supply Disruptions Lasting Through 2027 Bloomberg.comOil Market Report - August 2026 – Analysis IEA – International Energy Agency

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