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Global oil demand set for first annual decline since 2020, IEA says
MyJoyOnline
The International Energy Agency projects a significant downturn in global oil demand for 2026.
This marks the first annual decline since the 2020 pandemic.
The agency cites the ongoing conflict involving Iran as the primary catalyst for this shift.
Hostilities in the Middle East have severely damaged production capacity and disrupted critical export routes.
Impact […] ...
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