🛢 International Energy Agency: Global oil reserves reached the lowest level in four decades

▪️ Global oil demand will fall by 1.6 million barrels per day in 2026 — 510,000 barrels more than last month's forecast. ▪️ Global stockpiles fell below 7.9 billion barrels in July for the first time since April 2025. The lowest amount in more than forty years ▪️ The global supply of oil this year will decrease by 4.3 million barrels per day; 8.3 million barrels of production in the Persian Gulf are still blocked, the report warns: With the rapid depletion of reserves, "the need to reopen the Strait of Hormuz has increased". 📡 @pulseiran24 Pulseiran24.com