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Hormuz Blockade Sparks $100 Oil Demand-Destruction Fears.

6/15/2026

25 4 Full Breakdown

Summary

Story summary

Iran’s war, after Israel and United States attacked on Feb. 28, blocked Strait of Hormuz traffic, raising fears of oil demand destruction.
Goldman Sachs analysts said in March that oil prices at $100 a barrel or more link to stronger demand destruction.
The International Energy Agency projected in April a quarterly drop of 1.5 million barrels per day and warned that demand destruction will spread as scarcity and higher prices continue.

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Story summary

Iran’s war, after Israel and United States attacked on Feb. 28, blocked Strait of Hormuz traffic, raising fears of oil demand destruction.
Goldman Sachs analysts said in March that oil prices at $100 a barrel or more link to stronger demand destruction.
The International Energy Agency projected in April a quarterly drop of 1.5 million barrels per day and warned that demand destruction will spread as scarcity and higher prices continue.