IEA: Closure of Strait of Hormuz doubles rate of global oil stock depletion ...Yemen

The International Energy Agency (IEA) warned today, Wednesday, that with the continued closure of the Strait of Hormuz, despite a significant decline in oil demand, the daily deficit of 1.8 million barrels cannot be compensated, leading to a doubling in the rate of global oil stock depletion in recent periods.

Hence then, the article about iea closure of strait of hormuz doubles rate of global oil stock depletion was published today ( Wednesday 12/08/2026 - 06:20 PM ) and is available on SABA NET ( Yemen ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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