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Oil Surges as Iran War, Houthi Attacks Choke Global Supply Chains

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • US-Iran war and Houthi attacks have slashed oil supply by 11.1M bpd, driving inventories to record lows.
  • Prices remain below wartime highs due to unprecedented demand destruction offsetting supply losses.
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