As conflict in Iran drags past 100 days, global energy scene stays shaky. 20 percent of energy flows remain disrupted. Some call it biggest supply shock ever. Yet oil prices hover around $100 a barrel, sidestepping worst fears analysts had.
Worries linger that prolonged Strait of Hormuz disruption could push prices over $200 a barrel. Could spark global economic crisis. Countries have dipped into strategic reserves,exporters found new transport routes. Demand drop has helped keep prices steady. But experts warn these measures won't last forever.
OECD warns of long-term economic fallout from conflict,suggesting effects could stretch into 2027,even if fighting stopped now. Global economy faces tough mix of inflation and slow growth…
