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Iran war supply jolt underscores importance of emergency oil reserves: expert

Summary by Ckpg Today

An oil market expert says the supply jolt triggered by war raging in the Middle East underscores why it’s important for countries — including Canada — to keep energy stored in reserve in case of emergency. Rory Johnston, author of the Commodity Context newsletter, says the International Energy Agency’s stipulation that only net importers need to hold supplies in reserves is an “old school view” that doesn’t fit the current state of the world.

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The Toronto Star

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Lean Left

Iran war supply jolt underscores importance of emergency oil reserves: expert

CALGARY - An oil market expert says the supply jolt triggered by war raging in the Middle East underscores why it's important for countries — including Canada

4 hours ago·Toronto, Canada

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NBC Miami

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NBC Washington

Lean Left

Countries agree to largest ever release of oil from emergency reserves

What to KnowIran fired missiles and drones across the Gulf, targeting Saudi oil sites and a ship near the UAE, while Israel and the U.S. struck targets across Iran.Three ships have been attacked this morning near the Strait of Hormuz, a key waterway which 20% of the world’s oil passes through, according to a British monitoring agency.Iran’s new Supreme Leader Ayatollah Mojtaba Khamenei has been wounded in the war, according to both Iranian and I…

15 hours ago·Miami, United States

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