HeyJaredDmitry Zhdannikov
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- Jul 6, 2026
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- Jul 6, 2026
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World absorbs historic Iran war oil supply loss, but depleted stocks bring risks (opens the original)
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By Dmitry Zhdannikov, Robert Harvey and Ahmad Ghaddar LONDON, July 6 (Reuters) - The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term peace elusive and buffer reserves now drained, it still faces the looming risk of future price spikes. Tehran's throttling of the Strait of Hormuz in response to the U.S. and Israeli attacks launched on February 28 fed fears of a catastrophic global energy crunch. The ensuing fo
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