Iran War Adds $330 Billion to Global Energy Import Bill

The Iran war added an estimated $330 billion to global oil, fuel and LNG import bills between March and August, with crude accounting for nearly half the increase.

The war between the United States, Israel, and Iran has caused the oil and gas import bill of the world to swell by as much as $330 billion over the six months between March and August. That’s despite a smaller-than-feared oil price climb and equally... [4952 chars]

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