Iran war is draining world’s oil buffer at an unprecedented pace
via bloomberg.com
Short excerpt below. Read at the original source.
The world has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer that protects against supply shocks. The rapidly shrinking stockpiles mean that the risk of even more extreme price spikes and shortages is getting ever-closer, leaving governments and industries with […]