CLIMATEglobal
IEA urges demand cuts as oil shock drives prices above $100
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Updated 2 hours ago
First seen March 20, 2026 11:00:13Stay on top of this story
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Quick Summary
The International Energy Agency (IEA) has called on governments, businesses, and households to take immediate action to curb oil demand, as the supply disruption linked to the war in the Middle East has tightened global markets and pushed crude prices above $100 per barrel.