Global Oil Supply Slumps by 2.6 Billion Barrels Amid Ongoing US-Iran Tensions

Saudi Aramco has estimated that the world lost 2.6 billion barrels of oil since the US-Iran conflict began.

This significant loss in oil supply is attributed to the disruption in crude oil production caused by the ongoing tensions between the two countries, according to Saudi Aramco's estimates.

The impact of this oil shortage will likely be felt by consumers and investors alike. With global demand for oil still high, a reduction in supply can lead to price increases at the pump, affecting motorists' wallets.