US-Iran tensions threaten global oil supply recovery
pre-market1 source ↓written by the desknot a recommendation
The International Energy Agency warns that renewed fighting between the US and Iran could hinder the recovery of global oil markets. With world oil demand projected to decline this year for the first time since 2020, the ongoing conflict disrupts production and exports in the Middle East. This situation may extend the global energy crisis and impact oil prices significantly. ⚡
Not investment advice. For informational purposes only.