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Auto industry braces for motor oil shortage
Wholesale motor oil prices are rising rapidly, and some industry executives are warning of imminent shortages caused by the war with Iran.
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cryptobriefing.com
Global inventory race intensifies amid fears of energy crunch from Iran war
Global oil inventories fell 250M barrels in two months as the Iran war blocks the Strait of Hormuz, triggering a worldwide scramble for energy supplies.
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supplychaindive.com
Producer prices jump to 3-year high, spurred by war shortages
As the Iran war upped oil prices, transportation and warehousing costs rose 5% in April and wholesale energy prices rocketed 7.8%, per the Bureau of Labor Statistics.
