Oil’s Battered Shock Absorbers Risk Price Spike as War Returns

Global oil markets have been spared an extreme squeeze during the first phase of the Iran war, but renewed fighting is bringing with it greater risk of a price spike...

By Grant Smith, Will Kubzansky, Yongchang Chin and Alex Longley · Bloomberg Markets

Global oil markets have been spared an extreme squeeze during the first phase of the Iran war, but renewed fighting is bringing with it greater risk of a price spike in a world where supply buffers have been worn perilously thin.