— Global oil reserves dropped by nearly 1 billion barrels during the Iran crisis…

🇦🇪⚡️— Global oil reserves dropped by nearly 1 billion barrels during the Iran crisis and the closure of the Strait of Hormuz, according to ADNOC CEO Sultan Ahmed Al-Jaber.

Shipping and logistics costs rose from 5% to over 30% of the price per barrel.

Diesel inventories in some markets hit their lowest seasonal levels in 35 years.

@IntelSlava


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