NBC News (April 15)
2026/ 04/ 17 by jd in Global News
“Oil prices have started to slip — but not necessarily for reasons that suggest a return to market normalcy.” According to the IEA, “demand destruction” is resulting from “the acute energy commodity shortages stemming from the closure of the Strait of Hormuz.” Oil is now at the “point where it is now so expensive that overseas businesses and households have begun curbing investment and consumption.”
Tags: Acute, Businesses, Closure, Demand destruction, Energy commodity, Expensive, Households, IEA, Investment, Market normalcy, Oil prices, Overseas, Shortages, Slip, Strait of Hormuz
