The Iran war has shattered oil's price compass - Reuters
The Iran war has shattered oil's price compass Reuters
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<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxQLXp3OFlRQU95N0Jxc3RRM0o1MEx4UWl4QTVKM3lDNWJnaUNlb2RaWVpTelVTUkdIYTBhTW9nS2NvTmF3eExxcG1mQWQwZjN6T1VIVHRpcTEza2s3aHk0NEp3MjRNbDl4dDViU3NrLWJtUXpFWDFhZnJsRTQwbXJRWTVrM0U0a2wxVkVIYkpyNG1xYThJb3h6YXc4T3RpZw?oc=5" target="_blank">The Iran war has shattered oil's price compass</a> <font color="#6f6f6f">Reuters</font>
The International Energy Agency forecasts a decline in global oil demand due to disruptions from the U.S.-Israel war on Iran, with a projected drop of 80,000 barrels per day in 2026.
Analysts discuss the widening gap between physical and futures oil prices, indicating a more severe energy shock than previously appreciated, influenced by the U.S.-Israel war on Iran.
Despite the International Energy Agency's release of 400 million barrels of emergency reserves, global oil prices continue to surge amid the U.S.-Israel war on Iran.
Oil prices surge to over $116 per barrel amid escalating tensions, with Iran accusing the U.S. of preparing a ground invasion.
The U.S.-Israel war on Iran has led to a surge in oil prices, disruptions in the Strait of Hormuz, and significant impacts on cryptocurrency and artificial intelligence sectors.
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