World oil demand set for first annual decline since 2020, IEA says | HappeningNow.news

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World oil demand set for first annual decline since 2020, IEA says

Renewed escalation in the U.S.-Iran war could complicate matters and further cloud the outlook, the IEA warned Friday.

Source AI Summary Published July 10, 2026 Brief Under 1 min brief
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The International Energy Agency (IEA) has forecast a decline in global oil demand for the first time since 2020.

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