Guyana’s Oil Boom Could Ease the Global Supply Crunch

The Quick Take
Tight global oil supplies, compounded by fears of further U.S. strikes against Iran, are stoking concerns over a potential oil price super-spike. Global petroleum inventories are shrinking, while U.S. fuel prices surge to historic highs, fueling inflation and intensifying pressure on the economy. As Middle East tensions disrupt shipping through the Strait of Hormuz, a chokepoint for one-fifth of g
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