When the market is focused on US-Iran negotiations, an oil battle is unfolding: "There will be a huge crude oil gap in the coming weeks."
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While investors remain fixated on fragile ceasefire talks over Iran, a completely different storm is sweeping through the global physical oil market—a panic-driven race for barrels sparked by supply cuts through the Strait of Hormuz, spreading from Asia to Europe and the Atlantic basin.
According to a Bloomberg report