Crude calculations: Why the Iran war hasn’t yet caused an oil shock
This week marks six months since the outbreak of military conflict between the United States and Iran. This on-again, off-again, on-again conflagration has severely disrupted exports of oil, liquefied natural gas, and other vital commodities through the Strait of Hormuz. With more than two billion barrels of oil shipments already disrupted already this year, the International Energy Agency […]
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