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OPEC countries cut output as demand slows due to Hormuz blockade
Countries that are part of OPEC, the intergovernmental organization that oversees global oil markets, are cutting their output as oil demand has slowed due to higher energy prices amid the Iran war. The slowed demand, in turn, led OPEC to cut its forecast for oil demand growth fo
First seen · 4:20 PM UTCMay 13, 2026
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