Oil supply shock to worsen as inventories fall further even if conflict ends 86.7%
The Japan Times - By Stephanie Kelly - 5/8/2026, 12:41 AM
Pessimism Bias 69.7% - Post Hoc (False Cause) 43.6% - Biased Writer Voice 41.7%
LONDON – Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide — so oil companies will continue to deplete storage tanks to meet peak summer demand. The world has... more