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US-Iran war ranks as largest oil shock since 1979 by total losses
2 sourcesFirst reported 19 days agoUpdated 18 days ago
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What all sources covered
- The ongoing US-Iran conflict has resulted in significant daily oil production losses, marking it as the largest oil supply shock to date.
- Despite the current crisis, the total supply loss from the 1979 Iranian Revolution remains higher when considering cumulative losses over time.
- The data for this analysis was calculated by Reuters utilizing figures from the International Energy Agency, OPEC, and the U.S.
- The findings highlight the long-term impact of the 1979 crisis compared to the more immediate effects of the ongoing conflict.
- The report underscores the historical significance of both events in shaping global oil markets.
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In-CyprusFirst
in.gr+4h
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