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Evening Standard
Evening Standard
Holly Williams

Iran conflict creating ‘largest oil supply disruption in history’, says IEA

ING Oil IEA Iran IG PA Graphics the Middle East
The US-Israel war with Iran threatens to spark an energy supply crunch and experts have warned of ongoing volatility (Alamy/PA) -

The war in Iran is causing the “largest supply disruption in the history of the global oil market”, according to the global energy watchdog.

The International Energy Agency (IEA) said the flow of oil through the Strait of Hormuz has reduced to “a trickle” and slashed its energy production forecasts.

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