4 Articles
4 Articles
The conflict in Iran, with the blockade of the Strait of Ormuz, has created a new energy crisis in which Spain is in a more comfortable position.
According to forecasts, reserves will continue to contract during September according to extractive and market dynamics.
Experts warn that a blockade of the Strait of Hormuz until August could trigger a severe global recession, comparable in impact to the 2008 financial crisis, due to its effect on energy supplies. A report by Rapidan Energy Group indicates that the disruption of maritime traffic would affect global crude oil reserves, with a drop in demand and potential oil price increases of up to $130 per barrel in extreme scenarios.
Coverage Details
Total News Sources4
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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