⛽ US-Iran conflict hit global oil market hard
Aramco stated that the ongoing US-Iran conflict has resulted in a significant disruption to the worldwide oil market. This impact is being felt across the global energy sector, affecting supply chains worldwide. The estimated loss due to the tensions amounts to 2.6 billion barrels of oil. This instability stems from geopolitical tensions between the two major powers. Further monitoring of oil prices and regional stability is expected in the coming weeks. ⛽