Skip to content
The Odessa

Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting

Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting
Photo: Odessa American (oaoa.com) · view original

By DAVID McHUGH AP Business Writer FRANKFURT, Germany When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is...

Sources and story details