The IEA lowers its 2026 global oil demand forecast by 418,000 barrels per day, citing the impact of the ongoing conflict in the Middle East. The agency's revised outlook reflects a significant downward adjustment from previous projections.

More than 1,500 international vessels are waiting on both sides of the Strait of Hormuz for transit permission from the Islamic Republic of Iran, according to Fars News Agency.

Fars News Agency reports that over 1,500 international vessels are currently waiting near the Strait of Hormuz for transit authorization from the Islamic Republic of Iran.

Chinese green manufacturers are abandoning investment ambitions in the United States, citing policies implemented by Trump as a deterrent.

Chinese green manufacturers are reportedly abandoning their investment ambitions in the United States, citing policies implemented by Trump as a deterrent.

Blackstone terminates $4 billion acquisition of New World. The deal collapsed after the property developer refused to hand over management control to the investment firm.

Blackstone has terminated its proposed $4 billion acquisition of New World after the property developer rejected demands for a change in management control.

ECB Governing Council member Olli Rehn says economic data shows the first signs of a stagflationary shock. The comments highlight growing concerns over the outlook for the eurozone economy.

European Central Bank Governing Council member Olli Rehn stated that current economic data indicates the initial signs of a stagflationary shock.