SMH ·general ·1 hour ago

Supply shock: The Iran war will change the oil market forever

Middle East war has created a severe global oil supply shortage, with inventories depleting at record rates to fill demand gaps. The International Energy Agency warns that even if conflict ends next month, markets will remain undersupplied until October, with prices staying materially higher than pre-war levels near $70 per barrel.

Summary by Glance · SMH

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