IEA: Iran war reduces global oil supply by 3.9 million barrels per day

According to the International Energy Agency (IEA) on Wednesday, global oil supply is expected to decrease by approximately 3.9 million barrels per day in 2026 due to supply disruptions caused by the Iran conflict; The loss of oil supply in the Middle East has exceeded 1 billion barrels. The IEA stated in its monthly oil market report that the decline in supply will exceed the decline in demand, with an expected decrease of 420000 barrels per day in oil demand this year. The IEA also stated that the surge in oil prices will suppress demand and drag down economic growth.