Businessscore 885·8 metrosupdated 2h ago

International Energy Agency Lowers Global Oil Demand Forecast Amid Iran Conflict

The International Energy Agency has revised its global oil demand forecast downward due to the ongoing war in Iran, predicting a significant drop in oil consumption this year. Despite a potential recovery next year, demand will still fall short of pre-2025 levels, raising concerns about fuel prices and supply stability.

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