IEA Warns Oil Stockpiles Rapidly Depleting Amid Strait of Hormuz Pressures

The Guardian · first seen 12.08.2026

The International Energy Agency warned that global oil stockpiles are rapidly depleting and called for reopening the Strait of Hormuz, while OPEC lowered its demand growth forecast.

IEA warns global oil stockpiles are rapidly depleting.
IEA calls for urgent reopening of the Strait of Hormuz.
OPEC lowers full-year world oil demand growth forecast for the fourth consecutive month.

Sources

The Guardian — Global energy watchdog warns oil stockpiles ‘rapidly depleting’ – business live

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