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Iran war may crush oil demand today, but send it soaring long term: Bousso April 22, 2026 12:00 AM While oil demand destruction deepens with each passing day the Strait of Hormuz remains closed, the longer-term impact of the Iran war may paradoxically work in oil’s favour. Spiking energy security concerns and greater fragmentation could lead to a less efficient, more voracious global energy system. Aggregate worldwide oil consumption is plummeting under the strain [Read more]
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