IEA Sees Wider Oil Supply Deficit Despite Hit to Demand From War

Bloomberg Markets•Wed, Aug 12, 2026, 08:00 AM•2 min read

Global oil inventories will tumble this quarter at more than twice the rate previously estimated as the Iran war flares again, even as the hit to demand from high prices deepens, the International Energy Agency said.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-12/iea-sees-wider-oil-supply-deficit-despite-hit-to-demand-from-war)

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