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Iran War Fuels Global Energy Shock, Driving Oil Market Towards Demand Destruction
EnvironmentAPbloombergwsj+9FTtelexforbesstraits-timesn1-bihchannel-news-asiarnzThe Week+1 more2h ago12 sources

Iran War Fuels Global Energy Shock, Driving Oil Market Towards Demand Destruction

The ongoing war in Iran continues to drive up global oil and fuel prices, leading to an 'energy shock' and prompting discussions about its severity and impact, with the oil market potentially moving into demand destruction mode if the conflict persists. Oil prices have now settled near a 4-year high as the Middle East war drags on, with photos illustrating these worldwide effects on global energy.