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Energy agency says the Iran War has thrown Asian supply chains into disarray
Countries are taking various measures, from power savings to export restrictions and subsidies to weather Asia's energy crisis. (Photo by Ken Kobayashi)
TOKYO -- Global oil demand is now forecast to fall this year, led by "deep cuts" in the Asia Pacific region, the International Energy Agency said, as disruption in the Strait of Hormuz continues to upend the global oil market.