Oil’s Battered Shock Absorbers Risk Price Spike as War Returns

Global oil markets have so far avoided severe price shocks during the initial phase of the Iran war, but escalating conflict threatens to disrupt prices as supply cushions have been significantly depleted. The world's oil supply buffers, which typically absorb market disruptions, are now dangerously thin, leaving markets vulnerable to extreme volatility. Renewed fighting increases the risk of a substantial price spike in an already precarious energy landscape.