Are global oil stocks big enough to weather another six months of US-Iran war?

The depletion of inventories has reduced the buffer against supply shocks, leaving the oil market vulnerable to sharp price rises, said Hamad Hussain ​ from Capital Economics.

Hussain noted that stood in direct opposition to Iran’s claim that the strait was closed – and ship-tracking data that showed it was about half Wright’s number. “It is becoming increasingly difficult...

“The escalation in tensions between Venezuela and the US may be supporting gold prices at the margin,” said Hamad Hussain, climate and commodities economist at Capital Economics, although he added...