From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war
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Source: CNBC
Published: 2026-06-17 18:39 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, World News, War & Conflict
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Snippet:
The oil supply shock caused by the Iran war has eroded global demand for crude — but a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year, the International Energy Agency said on Wednesday.
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