Business

Oil Demand Declines Amid Iran Tensions

Updated 2026-05-05 10:20 UTC 1 source Neutral

U.S. oil consumption is decreasing, with the Iran conflict potentially exacerbating this trend. Despite rising pump prices, Americans are using less crude and its derivatives.

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MarketWatch
The U.S.’s lessened dependency on crude also shows a decline in consumption of crude derivatives such as gasoline and diesel, even as prices at the pump are a major source of frustration for Americans right now.
2026-05-05 10:00 UTC
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