Topic
refined-fuel-shortages
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upi.comfinance1 day agoDeveloping
Strait of Hormuz Disruptions Reduce Global Refined Fuel Inventories to 45 Days of Demand
Disruptions in the Strait of Hormuz following U.S. and Israeli attacks on Iran have led to shortages in jet fuel and petrochemical feedstocks. Goldman Sachs analysts noted rapid depletion of refined product stocks. Crude oil prices have risen over 50% amid the supply constraints.