IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows ↧ ↧ IEA warns 2026 oil supply gap will widen on delayed return of norma... Global oil supply and demand look set to fall further ‌than previously expected this year, the International Energy Agency said on Friday, as a lack of progress in ending the conflict in the Middle East delays the return of normal Gulf oil flows into 2027 and sends fuel prices soaring.