Global oil market shows resilience amid Iran conflict
after close1 source ↓written by the desknot a recommendation
- supply losses reached
- 14 million barrels per day
- in April
- $126 per barrel
The global oil market has shown remarkable resilience despite losing over 1 billion barrels of supply during the Iran conflict. At its peak, supply losses reached 14 million barrels per day, marking the largest energy disruption on record. However, depletion of strategic reserves raises concerns for future price volatility.
• Brent crude briefly hit $126 per barrel in April
• Ongoing geopolitical tensions may impact stability in the coming years.
Not investment advice. For informational purposes only.