OPEC Holds Demand Outlook Steady Despite Hormuz Blockade
🛢️ OPEC — Unchanged forecasts mid-blockade; ask who benefits from that headline. 📌 LOOK CLOSER: OPEC steady demand estimates while Hormuz runs at 40% serve Gulf producers, not markets. Unchanged forecasts paper over a real supply shortfall and delay pressure on spare-capacity holders. With Brent near $94 and US stocks drawing weekly, this is price-stabilizing narrative — not neutral data. Watch whether traders price the forecast or the EIA draw.
