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The Nexus
BUSINESSJul 9 · 07:08 UTCFORTUNEJordan Blum

How global energy markets built the ‘Amazon of oil’ logistics to keep prices from spiraling

Global energy markets used a 'just-in-time' delivery system with digital and satellite technology to prevent oil prices from skyrocketing during the Iran war. The system, dubbed the 'Amazon of oil,' reduced reliance on stockpiles and enabled real-time tracking of oil tankers. China's strategic reserves and import cuts also helped stabilize prices.

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