Energy: OPEC projects slower demand growth in 2023 due to a more than 30% decrease in production caused by the closure of the Hormuz Strait.
Global demand is feeling the pinch as Iran's blockade of the Strait of Hormuz effectively halts supply from the Persian Gulf. This disruption is creating significant constraints in the market. Stay tuned for updates on this evolving situation! #OilMarket #StraitOfHormuz
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