Events Archive
economicAug 4, 2026
Oil shortages escalate from wars in Iran and Ukraine, with few signs of relief
Summary
Oil shortages escalate from wars in Iran and Ukraine, with few signs of relief
Actors involved
Iran
Sources
- currentsapi-gapfill(Mixed)By Amy Myers Jaffe
The global energy crisis triggered by two wars is set to worsen, as Ukraine pummels Russia’s refining industry and Iranian attacks continue on Middle Eastern oil production and refining. Further, the nature of the destruction and the growing number of fronts and warring parties i…
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