The latest report from the International Energy Agency warns of the biggest global oil supply disruption as conflict in the Middle East hits flows through the Strait of Hormuz. Oil shipments have dropped from nearly 20 million barrels per day to almost zero, forcing Gulf producers to cut output by about 10 million barrels daily. Prices, demand, and global energy markets are now facing extreme volatility amid the ongoing crisis. <br /> <br />#OilCrisis #MiddleEastWar #GlobalOilMarket #StraitOfHormuz #IEAReport #OilPrices #EnergyCrisis #GlobalEconomy #CrudeOil #Geopolitics #IndiaEnergy #OilSupplyShock<br /><br />Also Read<br /><br />Unraveling the Correlation: Chinese Economy and Global Crude Prices :: https://www.goodreturns.in/news/impact-of-chinese-gdp-on-global-oil-market-gen-1310615.html?ref=DMDesc<br /><br /><br /><br />~PR.474~ED.546~GR.506~HT.178~
