Breaking: IEA Cuts 2026 Global Oil Supply Forecast by 50% amid Middle East Tensions

The International Energy Agency (IEA) slashed its average global oil supply forecast for 2026 by 50% on Thursday. The geopolitical tensions in the Middle East are causing the largest oil supply disruption in the history of the global market. This will cause inflation to rise and the Fed to delay rate cuts, triggering selling pressure

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