Global Oil Reserves Falling at Record Pace: IEA Warns of Price Spikes Amid Iran Conflict
By Dr. Olivia Bennett | May 13, 2026 Global Oil Reserves Plunge at Record Pace as Iran War Disrupts Supply Chains The world’s oil reserves are being depleted at an unprecedented rate, with global stocks now running nearly a billion barrels below pre-war levels, according to the latest assessment from the International Energy Agency (IEA). … Read more