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Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
The global demand destruction playbook we outlined last month, describing how the Gulf energy shock would spread across continents, is now materializing on a large scale. The International Energy Agency said in a Tuesday update that global oil demand will decline this year for the first time since 2020.
"The Iran war has thoroughly upended the global outlook for oil consumption," the IEA wrote in its Oil Market Report. "Demand destruction will spread as scarcity and higher prices persist."
The IEA...
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Apr 3, 2026 / Tyler Durden
Senior Iranian Official Involved In Reaching Out To Vance Severely Wounded In Airstrike
Senior Iranian Official Involved In Reaching Out To Vance Severely Wounded In Airstrike
A top Iranian official who was involved in diplomatic outreach and indirect talks or messaging with the United States and Pakistani mediators was reportedly critically wounded in a US-Israeli strike. Kamal Kharazi, an 81-year-old senior adviser to Tehran and former foreign minister, lost his wife in the Wednesday strike on his home, state media has said.
Kharazi chairs Iran's Strategic Council on Foreign Relations and has been viewed as a potential backchannel negotiator involving Islamabad, but now he's...
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Mar 30, 2026 / Dave DeCamp
Trump Threatens To ‘Blow Up’ Iran’s Desalination Plants
President Trump on Monday added Iran’s desalination plants to the list of infrastructure he may “blow up” if a deal isn’t reached to end the war, threatening attacks on the country’s water supply, a clear war crime under international law. “The United States of America is in serious discussions with A NEW, AND MORE REASONABLE, […]
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Rick Sterling
Sunday: RAGE Against the War Machine in San Francisco
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