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The International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing "exceptionally weak" OECD deliveries, a largely complete post-Covid-19 rebound and an expanding electric vehicle fleet.
Warnings come as Tehran promises reprisals against Israel for the deadly April 1 attack on an Iranian consulate in Syria.
A senior U.S. military commander traveled to Israel yesterday to coordinate with top officials there on what is expected to be imminent retaliatory action by Iran, as well as to discuss the war in Gaza, officials said.
Germany's Lufthansa said on Wednesday it suspended flights to and from Tehran from April 6 until probably April 11, "due to the current situation in the Middle East".
The Israeli military said it withdrew a division of ground troops from southern Gaza yesterday. The move raised questions about its plans as the war reached the six-month mark — Israeli media reported that the withdrawal meant there were no Israeli troops actively maneuvering in southern Gaza.
Oil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats amid an escalating conflict in the Middle East and a Ukrainian drone strike on a major Russian oil refinery.
Israel’s own April Fool’s Day prank was to eliminate one of Iran’s top commanders in Syria, Mohammad Reza Zahedi, by striking a building near Tehran’s embassy in Damascus, almost flouting international law protecting the inviolability of diplomatic missions.
