Iran War Wipes Out Global Oil Demand Growth This Year, IEA Says

Global oil demand will decline this year for the first time since the 2020 pandemic as a price surge caused by the Middle East conflict wipes out growth, the International...

By Grant Smith · Bloomberg Markets

Global oil demand will decline this year for the first time since the 2020 pandemic as a price surge caused by the Middle East conflict wipes out growth, the International Energy Agency said.