Middle East skirmishes raise refined-fuel shortage risk
TradingView News cites an apparent global shortfall of about 5 million to 6 million barrels of refined fuels, with dwindling refinery capacity seen as a growing risk amid Middle East tensions.
American drivers have just paid the highest Labor Day gasoline prices ever, while an Iran-aligned group is attacking refining assets. The world is missing about 5 million to 6 million barrels of refined fuels. Dwindling global refinery capacity is raising the risk that what began as a Middle East conflict could spread into a refined-fuel shortage.