Iran war ‘depleting’ global oil reserves at ‘record rate,’ IEA report warns
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IEA Revises 2026 Forecast Oil Deficit Widens as Iran War Cuts Production - Crude Oil Prices Today
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Iran war ‘depleting' global oil reserves at ‘record rate,' IEA report warns Global NewsUS EIA concedes Middle East supply disruptions are far worse than prior estimates BOE ReportHormuz Oil Flows Fell Nearly 30% Last Quarter, EIA Says Bloomberg.comIEA forecasts global oil supply to plunge below demand this year, erasing projected surplus The Globe and MailThe Iran war could have a surprising silver lining for the global economy
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In April, global oil supply shrank by 1.8 million barrels a day, with the total losses since February amounting to 12.8 million barrels of oil lost every day, the IEA said.
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