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The Nexus
WORLDMay 9 · 12:30 UTCBLOOMBERGGrant Smith, Yongchang Chin

Iran War Is Draining World’s Oil Buffer at an Unprecedented Pace

The Iran war is depleting the world's oil buffer at a rapid pace, with storage facilities like Tanjung Priok Port in Jakarta, Indonesia, being utilized. This depletion has significant implications for global energy security. The unprecedented rate of depletion is causing concern among industry experts.

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