1 billion barrels of oil missing during Iran war

The global energy market has lost an estimated 1.15 billion barrels of oil supply due to the near-total shutdown of the Strait of Hormuz during the 3.5-month U.S.-Israeli conflict with Iran. Energy analytics firms and industry executives warn that this massive inventory gap has pushed global petroleum reserves to decades-long lows. : Before the war, roughly 20 million barrels of oil passed through the Strait of Hormuz every day—accounting for one-fifth of global consumption. The conflict effectively choked off this vital artery for nearly four months.Become a supporter of this podcast: https://www.spreaker.com/podcast/today-explained--6659607/support.Don’t miss our latest episodes! follow us to stay updates with fresh news everyday. Let’s keep the support our podcast to serve update news entire the world!