Quartz·1 min read·easy
IEA is warning the Iran war has sent global oil demand into its first decline since 2020
✦AI Summary
The International Energy Agency (IEA) reports that global oil demand is facing its first decline since 2020 due to geopolitical tensions between the U.S. and Iran. The conflict threatens to derail the projected recovery in energy markets.
The agency projects a 1 million barrel-a-day contraction this year, with renewed U.S.-Iran hostilities threatening a forecast recovery
economyworld
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