The Globe and Mail reports in its Monday, June 8, edition that the Iran war has led to a drop in oil demand. A New York Times dispatch to The Globe reports that industry experts and executives are now concerned about "demand destruction," which refers to a long-term loss of demand due to high prices. In March, Goldman Sachs analysts said that oil prices hitting $100 (U.S.) a barrel or more (which has happened periodically since Israel and the United States attacked Iran on Feb. 28) was "associated with more significant oil demand destruction." In April, the International Energy Agency, which said it expected oil demand to shrink by 1.5 million barrels a day this quarter, noted that it anticipated that "demand destruction will spread as scarcity and higher prices persist." Sloan School of Management economics professor Catherine Wolfram says demand destruction is "not a technical economics term." She has seen it used among oil market traders and those on the industry's financial side. In the short term, she says, "People just can't afford these higher prices, and so are being forced to find alternatives, such as calling into meetings on Zoom to avoid driving or taking vacations closer to home."