IEA warns of ‘record’ oil drawdown after ‘unprecedented’ Strait of Hormuz supply shock

The West’s international energy watchdog warned that oil stockpiles were being drained at a record rate last month as the US’s war in Iran continues to choke supply in an “unprecedented” supply shock.   In a detailed report on the global market, the International Energy Agency revealed that around 4m barrels of oil a day [...]

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