Iran War Adds $330 Billion to Global Energy Import Bill
Source: Oilprice.com
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DW NOTE
The Strait of Hormuz has been effectively shut for five days. Global oil supply is down 4.3 million barrels per day. Brent is trading at $89.70 — down 24% from its yearly high. If this is what $330 billion in extra import costs looks like, either the figure is wrong or the world is running through inventory it didn't know it had.
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