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.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/QtaODN7
>

Comments

Popular posts from this blog

Koffee With Karan 7: Karan Johar refers to Shahid Kapoor as the ex-husband of Kareena Kapoor Khan and her expression is pure horror

BTS member V meets PSY and we are obsessed with this memorable reunion