Energy: OPEC reports a slowdown in demand growth for the year, attributing it to over a 30% drop in production due to the closure of the Hormuz Strait.

May 13, 2026 - 10:40

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Energy: OPEC reports a slowdown in demand growth for the year, attributing it to over a 30% drop in production due to the closure of the Hormuz Strait.

Global demand is hitting a snag as Iran's blockade of the Strait of Hormuz has effectively limited supply from the Persian Gulf. The ripple effects of this disruption are being felt worldwide. Stay tuned for updates! 🌍⛽️ #EnergyCrisis #GlobalEconomy

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