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Iran and Ukraine wars increase pressure on global oil markets, IEA warns

The wars in Iran and Ukraine are placing growing pressure on the oil market, according to the IEA warning cited in the report.

By DoomRadar · Published on DoomRadar .

Why it matters

Sustained conflict-related pressure could increase energy prices and worsen inflation and supply risks.

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EARLIER READING

Oil shock and bond rout intensify pressure on global markets

Asian and global bond markets are facing deeper losses as oil prices fuel inflation fears, with Japan's Nikkei plunging 1,889 points and yields reaching multi-decade highs. Governments' war and rearmament borrowing is also contributing to the bond selloff.

Related details in the reporting

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