Oil’s Battered Shock Absorbers Risk Price Spike as War Returns
Global oil markets have so far avoided severe price spikes during the initial phase of the Iran war, but escalating conflict threatens to disrupt prices as strategic supply reserves have been significantly depleted. With diminished buffers to absorb supply shocks, the world faces heightened vulnerability to sharp price increases if fighting intensifies.
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Oil’s Battered Shock Absorbers Risk Price Spike as War Returns
Global oil markets have so far avoided severe price spikes during the initial phase of the Iran war, but escalating conflict threatens to disrupt prices as strategic supply reserves have been significantly depleted. With diminished buffers to absorb supply shocks, the world faces heightened vulnerability to sharp price increases if fighting intensifies.
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