IEA reserves a factor as Iran war pushes fuel prices
World fuel stocks are in good shape, says an analyst, but there are risks if Strait of Hormuz stays closed for long.
A New Zealand energy analyst says world fuel stocks are well-placed to prevent extreme price moves in the short term from the Iran war, although a prolonged closure of the Strait of Hormuz would be more problematic.
“The markets are starting to move,” said Envisory director Peter West on Monday
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