Topic
world markets
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nbcnews.comfinance43 days ago
U.S.-Israeli Strikes on Iran Cut Global Oil Supply by 1 Billion Barrels
Three months after strikes began February 28, the conflict and near-closure of the Strait of Hormuz have removed roughly 1 billion barrels of crude and condensate from world markets. Inventories are declining and physical shortages have started to appear in Asia.