The billion-barrel Hormuz oil shock is about to crash demand

The closure of the Strait of Hormuz is wreaking havoc on global oil supplies. Experts are cautioning that as stockpiles dwindle, demand is likely to plummet. This disruption is rippling through diverse industries and impacting consumer markets around the globe. If a swift resolution isn’t reached, we could see oil prices spike, leading consumers to curtail their spending.

from Economic Times https://ift.tt/ZmGsFJK