Iran war is largest global oil market disruption ever, IEA says

The International Energy Agency (IEA) has reported that the ongoing conflict in Iran represents the largest disruption in the global oil market ever recorded. This situation has raised concerns over supply security, pushing up oil prices significantly. Analysts expect further volatility as geopolitical tensions escalate and sanctions may be imposed. Countries dependent on oil imports are likely to feel the financial strain as energy prices soar. The ripple effects could affect inflation rates and economic growth globally, particularly in Europe and Asia.