WS #13213
US-Iran tensions escalate with State Dept advisory, LNG carrier hit in Hormuz, and refining capacity crunch, while Iraq-Turkey pipeline deal offers a partial supply offset. Exxon and Chevron warn refining capacity is the constraint, with record fuel margins benefiting refiners but pressuring consumers.
US-Iran escalation and energy supply disruption
US-Iran tensions escalate with State Dept advisory, LNG carrier hit in Hormuz, and refining capacity crunch, while Iraq-Turkey pipeline deal offers a partial supply offset.
Exxon and Chevron warn refining capacity is the constraint, with record fuel margins benefiting refiners but pressuring consumers.