Are global oil reserves sufficient to withstand renewed US-Iran war? - Al Jazeera

Source: Al Jazeera

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DW NOTE

Al Jazeera is asking whether there are enough oil reserves to withstand a war that has already been fought for two months. Brent is at $113, up 81% annually, after dozens of ships were attacked in the Strait in October alone. The question isn't reserves — it's whether markets are correctly pricing a protracted closure of the world's most critical energy chokepoint.

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