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The world is threatened with losing one billion barrels of Middle Eastern oil by the end of May - Iqtissad Al Balad

May 17, 2026اقتصاد البلدiqtissadalbalad.dzTranslated from Arabic
The world is threatened with losing one billion barrels of Middle Eastern oil by the end of May - Iqtissad Al Balad

In one of the most turbulent periods in global energy markets, losses of crude oil and condensate supplies in the Middle East are accelerating at an unprecedented pace, as the market approaches a historic cumulative level of outages, while the future of energy flows through the Strait of Hormuz remains suspended on a geopolitical path that is still fragile.

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