Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting
Gulf nations are maintaining oil flow despite the ongoing Iran war, though the economic costs of these efforts are increasing.
FRANKFURT, Germany (AP) — When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say […]
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