CNBC
US · 7 mins ago
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Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
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Shell's CEO claims the oil market faces a shortage of nearly 1 billion barrels due to disruptions in the Strait of Hormuz from Iran-related tensions, while diplomats work toward a potential U.S.-Iran agreement to resume energy shipments.
Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
The Strait of Hormuz remains closed as the oil market hopes the U.S. and Iran will strike a deal that could restore energy shipments.
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