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Euronews
Euronews
Quirino Mealha

IEA warns of historic oil supply shock as Iran war chokes global markets

IEA Oil Iran United States

According to the latest monthly report from the IEA, released on Tuesday, the world is currently grappling with the largest disruption to oil supplies in history.

The paralysis of transit lines through the Strait of Hormuz has seen vital shipments fall from 20 million barrels per day in February to just 3.8 million in early April.

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