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8.5
US-Iran standoff over Strait of Hormuz drives oil prices sharply higher
Sveriges RadioLO·US · IR·3 days ago
The IEA projects a worsening global oil supply shortage in 2026, attributing the decline to the ongoing Iran war that delays the normalization of Middle East oil flows until 2027. The forecast signals sustained upward pressure on oil prices and heightened energy security concerns. Uncertainty remains over the war's duration and the pace of post-conflict recovery.
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