OPEC lowers second-quarter global oil demand forecast on Iran war - Reuters
OPEC lowers second-quarter global oil demand forecast on Iran war Reuters
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Notable Quotes
"The status of the ceasefire is very fragile, and there is still no clear answer on whether vessels are safe to pass through the Strait of Hormuz."
— John Kemp , Academic
"The risk is no longer a temporary spike in oil prices, but a permanent shift in the risk premium associated with Middle Eastern energy transit."
— senior strategist at BlackRock , Executive
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<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxOV0ZvZVctYXdQbFZqa3VYZDJzYnlIQTJwTkdxa2xTel85MWZoUExRNjBTbWJfSFowanFiV25BMWlzVXNadHgzcUdYY3ZScXJCREFxdUc4VlQ5SE5HcVd3SkJjazJEOHNMT3R4VTcxaWV6MTV2WV9rOWJ2b3hndUJoWE1YOVRoQ2wyQVZKR3pBODRmVVY1WjhOTmNCcmpmMzNDOWU5VlpNRkg0d3lKa3Q5blRLcjA?oc=5" target="_blank">OPEC lowers second-quarter global oil demand forecast on Iran war</a> <font color="#6f6f6f">Reuters</font>
OPEC has revised its global oil demand forecast for the second quarter downward due to the ongoing conflict in Iran.
The article discusses the economic repercussions of the Middle East conflict, including its impact on global GDP growth and inflation.
Analysts express concerns over the fragility of the Iran ceasefire agreement and its potential impact on global oil markets.
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