# Oil market demand will outpace supply by 750,000 barrels per day on average this year.

*business · news · 2026-04-10 · MarketScreener*

## Key points

- The Iran war has shifted oil market forecasts from surplus to a 750,000 bpd deficit for 2024.
- The International Energy Agency estimates the war has cut global oil supply by up to 11 million bpd.
- About 136 million barrels of oil are stranded in the Gulf due to disrupted Strait of Hormuz flows.
- Analysts warn 1-2 million bpd of oil capacity may be permanently lost even after the conflict ends.
- Restoring pre-war oil production could take months due to damaged infrastructure and export bottlenecks.

**Companies:** Macquarie Group
**Countries:** Iran, United States, Israel

[Read the full story on MarketScreener](https://www.marketscreener.com/news/oil-whiplash-iran-war-shock-to-flip-market-to-deficit-in-2026-analysts-say-ce7e50d9db8df324)

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