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OPEC and IEA Cut 2026 Oil Demand Forecasts as Brent Slips to the $88 Channel; Iran Market Pulse, Thursday Midday, 22 Mordad 1405
Sahmino editorial· 13 August· Short· 01:27
Thursday midday, 22 Mordad 1405 (Aug 13, 2026): OPEC and the IEA cut their 2026 oil demand forecasts over the continued closure of the Strait of Hormuz, and Brent fell about half a percent to $88.51. Hormuz traffic fell to just 8 vessels Tuesday. Tehran's bourse and Farabourse are closed today, and the dollar and gold saw only limited moves in the parallel markets.
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