The Guardian Australia
·general
·1 hour ago
Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief
Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August Oil markets will enter the “red zone” by July and August as stocks dwindle before the summer travel season amid a shortage of fresh oil exports from the Middle East, the executive.
Summary by Glance · The Guardian Australia
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