Iran, Ukraine wars escalate oil shortages with few signs of relief

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 involved may herald a new era of extended vulnerability for countries [...] The post Iran, Ukraine wars escalate oil shortages with few signs of relief appeared first on Asia Times .