Categories: Business

Strait trouble: Global oil tanks running dry at unprecedented pace as Hormuz remains choked

Global oil inventories are rapidly depleting due to the Iran war disrupting crude flows from the Persian Gulf, leading to concerns of price spikes and shortages. Asia faces immediate pressure, with some nations potentially experiencing shortages within a month as reserves hit multi-year lows. Strategic reserves are being deployed, but this further weakens the global safety buffer.

The News Vista

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The News Vista
5 months ago

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