Hormuz Crisis Leaves Lasting Mark on Oil Markets as Demand Slumps, IEA Says
Low Severity
Global
Date OccurredJun 17, 202616:08 UTC
Event TypeMaritime & Logistics
SourcegCaptain
RecordedJun 17, 2026
Full Description
The International Energy Agency has sharply downgraded its outlook for global oil demand, warning that months of conflict centered on the Strait of Hormuz have fundamentally altered trade flows, drain