Business
OPEC Sees Slower Demand Growth Due to Hormuz Closure
OPEC forecasts slower global demand growth this year due to reduced supply from the Persian Gulf, following Iran's closure of the Strait of Hormuz.
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CNBC
Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.
2026-05-13 13:40 UTC