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    Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief

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    Source: Guardian Australia
    Published: 2026-05-22 02:10 UTC+10:00
    Section: Iran
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Business, Middle East, Iran, Energy, World News
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    Snippet:
    Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August
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