Iran’s Oil Sector Faces Mounting Strain Under US Hormuz Blockade
The Strait of Hormuz is shut, with many countries facing supply shortages. Goldman Sachs estimates that 14.5 million barrels per day of Persian Gulf production losses are draining global oil stockpiles at a record rate of 11 to 12 million barrels per day through April. While the world is running out of oil, Iran is
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