The Trump administration claims oil is flowing normally again. There’s just one problem CNN Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says CNBC Hormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ Global energy watchdog warns oil stockpiles ‘rapidly depleting’ – business live The Guardian IEA slashes 2026 supply forecast as Hormuz reopening remains elusive Reuters
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