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CNBC World NewsAug 12, 2026
Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.

Int'l Herald TribuneAug 11, 2026
Oil Prices Touch $90 a Barrel Over U.S.-Iran Stalemate
The stalemate over the Iran war hardened and commercial shipping in the Strait of Hormuz continued to dwindle.
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