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From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war

The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast. Grouped from 2 articles across 2 sources.

2 reports2 sourcesJun 17, 2026, 8:39 AM
FilterCNBC
Clustered coverageCNBC, Financial Times
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CNBCJun 17, 2026, 8:39 AM

From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war

The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.

Financial TimesJun 17, 2026, 8:00 AM

Middle East peace deal could herald oil glut next year, IEA says

‘Gradual’ return of flows will give way to sharp rise in production, outstripping forecasts for increased demand

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