Gulf war wipes out 1 bn barrels of oil, supply losses may hit 2 bn by year-end
- Posted on June 10, 2026
- By Financial Express
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- 1 min read
Gulf war wipes out 1 bn barrels of oil, supply losses may hit 2 bn by year-end
Global energy markets face mounting pressure as oil production outages across key Gulf producers continue to disrupt supplies and shipping routes. Even under a gradual recovery scenario, significant supply losses are expected to persist through 2026, raising concerns over energy security, inflation and crude price stability.
