April 15, 2026
Article from Market Watch by Myra P. Saefong
Article Synopsis
The International Energy Agency warned that escalating conflict affecting Middle East oil flows is disrupting supply and could trigger one of the biggest shocks to the global oil market, with prices nearing $100 and briefly spiking far higher. The agency now expects oil demand in 2026 to decline by about 80,000 barrels per day, as high prices cause “demand destruction,” with emerging economies cutting fuel use and shortages appearing in some regions.
