IEA: Iran War constitutes 'largest supply disruption' in history for global oil market

James Murray
clock • 4 min read
IEA: Iran War constitutes 'largest supply disruption' in history for global oil market

Agency confirms 10 million barrel per day drop in production from Gulf States and loss of shipping through Strait of Hormuz is resulting in unprecedented disruption

The escalating war in the Middle East now constitutes the "largest supply disruption in the history of the global oil market", according to the International Energy Agency (IEA). The influential body...

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