Event Brief
OPEC sees slower demand growth as Hormuz output falls
Filed: May 13, 2026 at 10:00 AM ET
Summary: 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.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
📋 This story has 13 earlier reports
🔍 37 sources analyzed
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