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Global oil market weathers Iran war shock, but reserve depletion raises future price risks
The global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts warn that depleted strategic reserves, damaged energy infrastructure and unresolved tensions around the Strait of Hormuz have left the market more vulnerable to future oil price spikes.
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cryptobriefing.com
Iran war disrupts oil supply, future price spikes loom
Iran war disrupts oil supply, causing concerns for future price spikes. Crude oil reaching a new all-time high by September 30 at 2.5% YES.
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World faces risk of oil price spikes after loss of 1 billion barrels from Hormuz disruption
Over 1 billion barrels of oil lost from Hormuz disruption drained strategic reserves to 40-year lows, leaving global markets vulnerable to future price
