Episode Details

Iran’s closure of the Strait of Hormuz sent shockwaves through the global oil market, triggering the IEA’s largest-ever emergency release of 400 million barrels — far exceeding last year’s 182 million. While the world races toward cleaner energy, oil remains indispensable, forcing nations like India — with just eight days’ worth of reserves — to urgently stockpile. The cost? Billions. And as China and other major importers follow suit, the collective rush to replenish reserves could ignite the next oil price rally.

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