Mint Quick Edit | Will the IEA’s oil release of 400 million barrels relieve the world of its oil shock?
Moreover, shortages have a ‘buffering’ effect, with time lags, so the war’s price shock may last even after Iran’s choke eases. This prospect isn’t looking too bright right now, unfortunately, a reminder of the perils of waging war. In a cost-conscious world, it’s truly remarkable how often the cost of war is underestimated.
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