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Oil executives warn energy sector nears “cliff’s edge” amid Hormuz crisis
May 2, 2026
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WASHINGTON, May 02 (YPA) – Global oil executives have warned that the energy sector is approaching a critical “cliff’s edge,” as the ongoing crisis in the Strait of Hormuz pushes international markets toward potentially unprecedented price surges. According to Bloomberg, senior figures in the US oil industry warned that any closure of the strategic waterway []
Yemen Press Agency
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