A global fuel crisis has already arrived, Bloomberg reports.
Oil company executives warn that the prolonged blockade of the Strait of Hormuz has led to a serious shortage in the energy market. At the same time, the Trump administration continues to call the disruptions temporary.
Experts from Chevron and other companies note that strategic oil reserves are practically exhausted, and there are no signs of imminent improvement.
An additional blow came from an attack on an oil pipeline in Saudi Arabia — according to estimates, the global market has lost at least another 2.5 million barrels per day.
The situation is complicated by growing fuel demand from China. For several months, Beijing covered almost half of its consumption from its own reserves, but now it is again increasing purchases on the global market.
Experts warn: without resolving the conflict with Iran, the situation on the oil market risks spiraling out of control.
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A global fuel crisis has already arrived, Bloomberg reports.
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