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Iran GDP down 10% as oil, gas sector contracts 26% amid US-Israel war
Al Jazeera·IR · US · IL·1 day ago
New oil and gas field discoveries in 2025 fell to 19, the lowest since 1980, with discovered volumes down to a tenth of the 2013 peak, per Global Energy Monitor data. This reflects sustained upstream investment cuts by energy companies, which could tighten future supply and support prices. The trend is confirmed but its market impact is medium-term, with uncertainty over how quickly demand adjusts.