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The Economic Times

Top News / The Economic Times

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The world's oil piggy bank is being smashed open. What can go wrong?

Global oil inventories are plummeting to multi-decade lows, exacerbated by Middle Eastern supply disruptions and the rapid depletion of strategic reserves. Escalating geopolitical tensions, particularly involving Iran, threaten further supply shocks. The world faces a potential oil crisis with diminished buffers and constrained transit routes, suggesting prolonged market vulnerability.

10 Jun 2026 10:02 pm