They cannot hold back the energy crunch for ever
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Residual risks and ruined infrastructure will keep prices high
A hypothetical third Gulf war closes the Strait of Hormuz, stranding a fifth of global oil and gas output and driving energy…
As stocks dwindle, further price rises are inevitable
The conflict, and the government, are depleting margins
It would also make them harder to handle
The longer the war in the Gulf, the harsher the global economic fallout
