Analysts and industry leaders warn that strategic reserves are being depleted faster than expected, meaning the crisis could evolve from a crude shortage into a full-blown global fuel and refining crisis if Hormuz does not reopen soon.
International companies are flocking back…
Oil prices head for a…
The total number of active…
By Irina Slav - May 17, 2026, 6:00 PM CDTThe world is running out of oil. Implausible three months ago… [+5025 chars]
Oil prices head for a…
The total number of active…
By Irina Slav - May 17, 2026, 6:00 PM CDTThe world is running out of oil. Implausible three months ago… [+5025 chars]