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Middle East war creating largest supply disruption in history of global oil market: IEA
short by Ankush Verma / on Thursday, 12 March, 2026
In a report, the International Energy Agency (IEA) said, "The war in the Middle East is creating the largest supply disruption in the history of the global oil market." It added that crude and oil product flows through the Strait of Hormuz have plunged from around 20 million barrels per day before the war to a "trickle currently".
read more at IEA