Middle East war creating ‘largest supply disruption in the history of oil markets’
7 months ago by ikt to c/worldnews
Oil markets are facing the “largest supply disruption in history” as the war in Iran continues to block tankers from shipping millions of barrels of crude each day, the world energy watchdog has warned.
The International Energy Agency (IEA) said the supply shock ignited by Iran’s effective blockade of the strait of Hormuz meant the world faced a deeper crisis than after the Yom Kippur war of 1973 and the 2022 outbreak of war in Ukraine.
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@sh.itjust.works
Welcome!
We strive for high-quality standards on the latest world events.
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Rule 1: No Further Gaza/Israel war posts
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The largest supply disruption so far! I'm sure if we try hard we can blow up some other oil infrastructure
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