Four Numbers That Show the Effects of the Iran War
The conflict is rattling energy markets, changing the backdrop for consumers across the globe.
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The war in Iran isn’t just rattling global energy markets, it’s “creating the largest supply disruption in the history of the global oil market.” That’s according to the International Energy Agency. And the world’s energy infrastructure is complex and constantly changing, with a host of refineries, pipelines, barges, straits and tankers coming between a faraway oil well and the gas station down the street.
In times of uncertainty, data brings clarity. So this week, I drew on Bloomberg’s stellar energy reporting to put the Iran war’s implications for your finances into context.