There is a rapidly escalating supply crunch that has yet to show up on oil markets. While the price of crude has risen in the past week as the fragile Iran war ceasefire has crumbled, the remarkably restrained price moves have helped create a false sense of security.

Indian refiners expect stable oil supplies despite renewed West Asia conflict. They believe US President Trump will open alternative routes if needed. Strong domestic…

Refining capacity is strained, and fuel markets don’t have much of a buffer. | World News

There is a rapidly escalating supply crunch that has yet to show up on oil markets. While the price of crude has risen in the past week as the fragile Iran war ceasefire has…

As the Iran crisis enters its fifth month, traders have become increasingly convinced that Trump will do almost anything to avoid a politically damaging spike in U.S. fuel…