OPEC reduced its forecast for 2026 world oil demand growth to 580,000 barrels per day, down from 780,000, marking the fourth consecutive downward revision. The adjustment was detailed in the organization's monthly report released Wednesday.
Consumer prices rose 0.1% month-over-month in July, bringing the annual inflation rate to 3.4% from 3.5% in June. The slowdown, driven by moderating energy costs despite the Iran war, reduces pressure on the Federal Reserve to raise interest rates.
A deeper cease-fire dossier for the Iran War News DAO space, structured as a news story with shared claims, thematic dispute blocks, and grouped perspective collections, now updated through April 15, 2026.
