Hormuz standoff drains oil cushion. Will consumers be hit again?
Dubai: The world survived the first oil shock of the US-Iran war. Nearly six months later, the buffer that helped protect consumers from an even bigger hit is getting thinner. Global oil stockpiles are rapidly diminishing as traffic through the Strait of Hormuz remains effectively stalled, raising a potentially more worrying question: How long can the disruption continue before consumers face…
We haven't written up this one. Gulf News has the full story — the link below goes straight to it.
