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Recent refinery attacks associated with the ongoing wars in Iran and Ukraine have resulted in nearly 9% of global oil refining capacity being offline, exacerbating fuel supply issues and causing crude prices to surge, with analysts suggesting that recovery may take months even if the conflicts cease. #OilSupply #RefineryCapacity #EnergyCrisis #IR #UA #SA #KW #RU #NG

Recent refinery attacks linked to the ongoing wars in Iran and Ukraine have disrupted nearly 9% of global oil refining capacity, exacerbating fuel supply shortages and leading to skyrocketing prices, with experts warning that recovery may take months even if hostilities cease. #OilSupply #RefineryCapacity #EnergyCrisis #IR #UA #SA #KW #RU #NG #EU

Recent refinery attacks linked to the wars in Iran and Ukraine have disrupted nearly 9% of global oil refining capacity, exacerbating fuel supply shortages and likely delaying recovery for months, as crude prices soar and refiners struggle to meet demand. #OilCrisis #RefineryCapacity #EnergySupply #IR #UA #SA #KW #RU #NG

Recent refinery attacks linked to the conflicts in Iran and Ukraine have resulted in a nearly 9% reduction in global oil refining capacity, exacerbating fuel supply issues and delaying recovery despite rising crude prices, with daily demand for liquid fuels remaining high and little potential for quick restoration of affected facilities. #OilCrisis #RefineryCapacity #GlobalEnergy #IR #UA #RU #SA #KW #NG