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The conflict in Iran is affecting global energy markets, with a projected decline in oil consumption and an increase in coal usage in the Asia-Pacific region. The U.S. Energy Information Administration forecasts a drop in global oil use by 1.1 million barrels per day this year, while U.S. production is expected to rise. UN climate officials are advocating for more aggressive climate initiatives in response to the crisis.
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The conflict in Iran is affecting global energy markets, with a projected decline in oil consumption and an increase in coal usage in the Asia-Pacific region. The U.S. Energy Information Administration forecasts a drop in global oil use by 1.1 million barrels per day this year, while U.S. production is expected to rise. UN climate officials are advocating for more aggressive climate initiatives in response to the crisis.
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How the Iran war aftershocks are hitting oil, coal, climate
Impact of Iran Conflict on Global Energy Markets