IEA OMR (Jun): World oil demand falling by 1.1mln BPD in 2026 on the Iran War (prev. forecast 420k BPD fall); sees total world oil supply 920k BPD lower than demand in 2026 (prev. forecast 1.7mln BPD lower)
Iran reiterates that it will respond if Israel does not stop attacks on Lebanon
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IEA OMR (Jun): World oil demand falling by 1.1mln BPD in 2026 on the Iran War (prev. forecast 420k BPD fall); sees total world oil supply 920k BPD lower than demand in 2026 (prev. forecast 1.7mln BPD lower)
US President Trump says he will not approve the FISA without the "Save America Act", Pulte will remain as acting DNI
Senior leaders of Japan's ruling party said to have proposed cutting the consumption tax on food to 1% from April 2027 for a two-year period
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Supply:
- Supply to fall by 3.9mln BPD in 2026 (prev. forecast 3.9mln BPD fall).
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