Trump’s War on Iran Has Broken the Oil Market

AI Summary

The article argues that Donald Trump's war with Iran has disrupted oil markets, while noting resilience in global oil supply. It highlights vulnerabilities involving the Strait of Hormuz, Bab el-Mandeb, the East-West Pipeline, and refinery capacity.

Almost 8 months into Trump’s war on Iran, we can see more clearly the consequences of this quagmire. Some have been quite unexpected, like the surprising resilience of the oil market, the emergence of multiple failure points outside of Hormuz (including Bab-al Mandeb, the East-West pipeline, and global refinery capacity), ... [continued] The post Trump’s War on Iran Has Broken the Oil Market appeared first on CleanTechnica.