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Global Oil Inventories Depleting at Record Pace Amid Iran Crisis - Reports

NAMPA / Sputnik
2026-05-10
MOSCOW, May 10 (RIA Novosti) - Global oil inventories are depleting at a record pace amid the US and Israeli military action against Iran, Bloomberg reported. The Iranian war disrupts fuel supplies from the Persian Gulf, depleting the buffer that protects against a supply shock, the agency explained. The rapid decline in oil inventories means the risk of even sharper price spikes and shortages is becoming increasingly likely​​​. This leaves gover......
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