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Translated regional report

Beginning of a major fuel crisis in the world

Automated translation and editorial curation by Middle East CatchSite publication

Original report: Fars News AgencyOriginal publication Editorial policy

Fars News Agency

Beginning of a major fuel crisis in the world 🔹Executives of American oil giants, who warned Trump about the consequences of decreasing oil reserves at the onset of the attack on Iran, are now reporting the beginning of a global fuel crisis. 🔹The price of U.S. crude oil has also crossed $104, gasoline prices have risen over a dollar per gallon compared to last year, and the price of diesel has reached a historic high in the U.S. 🔹After withdrawing 180 million barrels during Biden's term and an additional 172 million barrels following the attack on Iran and the closure of the Strait of Hormuz, America's strategic oil reserves have approached a critical level and are on the brink of hitting the operational minimum of 250 million barrels. 🔹The CEO of Chevron, referring to the loss of substantial market buffer, stated that he sees no clear reason for improvement in conditions.

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