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As Oil Prices Spike, Talk of ‘Demand Destruction’ Sets In

As the war in Iran has stymied traffic through the Strait of Hormuz, demand for oil has fallen, and...

BUSINESS NEWS June 07, 2026

As Oil Prices Spike, Talk of ‘Demand Destruction’ Sets In

As the war in Iran has stymied traffic through the Strait of Hormuz, demand for oil has fallen, and industry watchers and oil executives have started to...

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As the war in Iran has stymied traffic through the Strait of Hormuz, demand for oil has fallen, and industry watchers and oil executives have started to...

Author: The New York Times

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