Global oil markets avoided an extreme squeeze in the first phase of the Iran war, but renewed fighting is lifting the risk of a price spike as supply buffers have been worn perilously thin, according to Bloomberg.
The report said the market’s shock absorbers have deteriorated, leaving oil more exposed to disruption if conflict escalates further.
GEOPOLITICS | Oil’s Thin Buffers Raise Price Spike Risk as War Resumes
2026-07-19 10:45:27
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