OPEC sees slower demand growth as Hormuz output falls

By The BriefBrief

OPEC said demand growth will slow this year as production drops by more than 30% after the Strait of Hormuz closure.

WHO: OPEC

WHAT: OPEC forecast slower oil demand growth tied to a Hormuz closure that cuts Persian Gulf supply.

WHEN: May 13, 2026 at 9:57 AM ET

WHERE: Location not specified

WHY: The Strait of Hormuz closure has effectively cut off Persian Gulf supply.

How this story developed (showing 13 of 13 earlier reports)

Reporting from 10 identified publishers across this event arc.

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