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IMF Oil Inventory Warning Turns Gulf Energy Shock Into Growth Test

The IMF warned that global oil inventories are expected to fall to about 7.5 billion barrels by July as the Iran war disrupts energy supplies. The IEA put cumulative losses at 12.8 million barrels a day, while Fitch cut its 2026 global growth forecast to 2.4 per cent and raised its Brent forecast to $87 a barrel. The next signal is whether emergency reserves and diplomatic progress can stabilize inventories before the IMF releases its July global forecast.