Oil Glut Reversed by Global Disruptions | Business and Finance News

Oil markets just flipped from surplus to crisis as conflicts disrupt key chokepoints like the Strait of Hormuz and Bab el-Mandeb, sending crude prices past $100 a barrel and triggering fuel shortages worldwide. Rerouted tankers, strained refineries, and falling demand in Europe and China are tightening supply, draining commercial inventories, and forcing the World Bank to slash global growth forecasts—raising alarms about an impending global recession. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3f7d67cdb5b7af96