Commentary: The oil market is moving into demand destruction mode

Israel

If the Iran war continues and oil reserves are drained, policymakers may have to use emergency tools to curb energy use, says Javier Blas for Bloomberg Opinion. LONDON: Five weeks into the Iran war, the math of oil-barrel counting is intractable: The world is short of the black stuff. Measures ranging from pipelines that bypass the Strait of Hormuz to tapping strategic reserves have offered a cushion. But unless the United States and Israel’s Iran conflict ends very soon, oil consumption needs

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