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The clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for ‘tank bottoms’ and Iran racing to delay ‘tank tops’
May 3, 2026
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The West and Iran are staring down two diametrically opposed oil market emergencies that could materialize in a matter of weeks. With the Strait of Hormuz still largely closed more than two months after the U.S. and Israel launched their war against Iran, oil inventories among top consuming countries are rapidly disappearing. Frederic Lasserre, head []
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