How Global Energy Markets Survived Eight Months of Iran War Disruptions

Six months ago, I wrote that Americans were experiencing the Iran war primarily through higher prices, while much of the rest of the world was confronting something more serious: actual shortages of fuel and other critical products. In “The U.S. Feels Higher Prices While The World Is Facing Fuel Shortages,” I highlighted several pressure points created by the disruption of traffic through the Strait of Hormuz. India was struggling to secure liquefied petroleum gas, or LPG, fertilizer markets wer

Source: OilPrice.com