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According to the EIA Short Term Energy Outlook report, it is expected that the Strait of Hormuz will remain closed until the end of May, gradually resume navigation in June, and return to pre conflict levels later in 2026. It is expected that the global oil demand in 2026 will be 104 million barrels per day, compared to the previous forecast of 105 million barrels per day; The demand for 2027 is 106 million barrels per day, compared to the previous forecast of 106 million barrels per day.