International Energy Agency: With the intensification of the war in Iran, the global oil supply gap is widening
2026-08-12 16:13:40
According to CoinMeta, and as reported by Bloomberg, the International Energy Agency (IEA) stated that despite the impact of high prices on demand, global oil inventories are expected to decline at a rate more than twice that of previous estimates this quarter, with the renewed escalation of the Iran war exacerbating the oil supply gap.
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Source:Bloomberg
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