World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

Over a billion barrels of oil supply have been absorbed with surprising ease since the Iran war began, but drained buffer reserves raise the risk of renewed price spikes. With long-term peace still elusive, energy markets face a credible tail-risk of future disruptions and higher volatility.

Analysis

Over a billion barrels of oil supply have been absorbed with surprising ease since the Iran war began, but drained buffer reserves raise the risk of renewed price spikes. With long-term peace still elusive, energy markets face a credible tail-risk of future disruptions and higher volatility.