1 billion+ barrels of oil missing during Iran war. What happened?

The good news: The Strait of Hormuz is open again, after Iran and the United States signed a memorandum of understanding this week.

The bad news: It may be too late.

Oil hasn’t been coming out of the Middle East for nearly four months. All told, the world lost 1.15 billion barrels of oil supply during the war, according to analytics firm Kpler.

0:00 Why the global economy is short 1 billion barrels of oil
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