Categories: Business

Wars are now hitting more than 43% of the world’s oil supply

Currently, more than 40% of the world’s oil supply is derived from conflict-ridden regions. Ongoing tensions in the Gulf and Ukraine have reduced refining abilities by 10%. As a result, reliance on U.S. oil has surged, leading to a depletion of global reserves after emergency releases have concluded. This situation has made rising fuel prices a significant contributor to inflation across the globe.

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The News Vista
2 months ago

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