Why is the wartime oil crisis not over yet?
The Iran-US conflict has not yet restored oil supplies. Although the Strait of Hormuz is open, ships are scattered, storage tanks are full, wells are closed, and it takes time to restart. As a result, exports from the Middle East have decreased, 206 million barrels of oil have been lost, and prices have risen, causing losses of tens of billions of dollars. The impact of the crisis has spread throughout the world, as oil is used worldwide, and could last until 2026–2027.
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