Demand

Civil war has erupted in Oilistan, known for its vast natural resources. Rebels in the relatively poorer northern territory have kidnapped high$-$ranking government officials. The southern territory has begun military operations as retaliation. As a result, the flow of oil has been cut off to foreign countries. $5000$ UN peacekeepers have been dispatched to cool down the situation. Demand growth has slowed down as the global political uncertainty has caused investors and consumers alike to worry. Growth in the USA is estimated to be slightly positive, in Asia between $5-8\%,$ and negative in Europe which was affected most heavily by the disruption in the flow of oil.