World oil demand set for first annual decline since 2020, IEA says

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World oil demand set for first annual decline since 2020, IEA says

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The International Energy Agency (IEA) forecasts a decline in global oil demand for the first time since 2020. The agency warned that renewed escalation in the U.S.-Iran war could further complicate the outlook for energy markets.

Renewed escalation in the U.S.-Iran war could complicate matters and further cloud the outlook, the IEA warned Friday.

World Security Conflict Politics Markets Commodities Energy IEA oil demand U.S.-Iran war energy outlook global markets escalation

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