Business
Oil Market Shortage Due to Iran Conflict
Shell CEO warns that the global oil market is short nearly 1 billion barrels due to the closure of the Strait of Hormuz. The situation is worsening daily as the U.S. and Iran remain at odds over energy shipments.
Coverage timeline — 1 article
CNBC
The Strait of Hormuz remains closed as the oil market hopes the U.S. and Iran will strike a deal that could restore energy shipments.
2026-05-07 19:26 UTC