Saudi Arabia leads efforts to stabilize global energy supplies amid warnings of prolonged conflict

RIYADH: Saudi Arabia is spearheading international efforts to stabilize global oil markets and contain the fallout from a supply crisis triggered by the Iran war and the halt to navigation through the Strait of Hormuz. Using strategic logistics infrastructure, Riyadh has secured energy flows to consumers and helped prevent prices from soaring, as academic and industry warnings mount that the conflict’s structural impact on oil facilities and refineries could last for years, even if the war ends militarily and the strait reopens.

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