IEA: Affected by the Iran War, global oil supply will plummet below demand levels this year Odaily Planet Daily News: The International Energy Agency (IEA) announced on Wednesday that global oil supply is expected to decrease by approximately 3.9 million barrels per day in 2026 due to supply disruptions caused by the Iran War; At present, the loss of oil supply in the Middle East has exceeded 1 billion barrels. The IEA stated in its monthly oil market report that the decline in supply will exceed the decline in demand; The agency currently expects a decrease of 420000 barrels per day in oil demand this year. The IEA also stated that oil demand is also under pressure due to the impact of war, as soaring oil prices not only suppress demand but also drag down the pace of economic growth. (Golden Ten)