Home / PoliticsPoliticsCNBCPoliticsCNBC·Jun 17, 2026·1 min readFrom supply shock to oil glut: IEA flags scale of demand destruction caused by Iran warThe energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.View original source — CNBC ↗ShareCopy linkShare on XShare on FacebookRelated storiesBusinessMarketWatchBusinessJun 18, 2026 · 1 minThe Iran oil shock taught traders these key lessons about demand and ChinaMarketWatchPoliticsJapan TimesPoliticsJun 18, 2026 · 1 minWave of Persian Gulf oil set to leave Asian refiners swampedJapan TimesBusinessStraits TimesBusinessJun 16, 2026 · 1 minThe Iran war permanently altered the global economyStraits TimesPoliticsThe GuardianPoliticsJun 20, 2026 · 1 minPetrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next?The Guardian
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