The Organization of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth, attributing the adjustment to the persistent geopolitical tensions impacting energy supplies. In its monthly report, OPEC noted that the global economy has demonstrated notable resilience, suggesting that performance could improve once tensions subside and vital shipping lanes and international trade stabilize. Under the revised outlook, short-term demand growth estimates were decreased, while medium-term projections were adjusted upward. The report indicated that military escalations and the temporary closure of key maritime corridors had previously reduced regional supplies by millions of barrels before production gradually recovered under temporary pauses in hostilities to stabilize global markets.