The International Energy Agency said in its monthly oil market report on Wednesday that the Iran war could reduce global oil supply by about 3.9 million barrels per day in 2026. The agency also said Middle East supply losses have exceeded 1 billion barrels. In the same report, it forecast that oil demand will fall by 420,000 barrels per day this year. The figures point to a combination of geopolitical supply disruption and softer consumption, two factors that can reshape energy markets and influence inflation, transport costs, and risk sentiment across broader financial markets, including crypto.