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IEA is warning the Iran war has sent global oil demand into its first decline since 2020

The agency projects a 1 million barrel-a-day contraction this year, with renewed U.S.-Iran hostilities threatening a forecast recovery

IEA is warning the Iran war has sent global oil demand into its first decline since 2020

Published July 10, 2026 · Category: Markets

Overview

The agency projects a 1 million barrel-a-day contraction this year, with renewed U.S.-Iran hostilities threatening a forecast recovery

Source

Originally published at qz.com.

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