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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Middle East tensions threaten global oil supplies, potentially leading to shut-ins of up to 9.1 million barrels per day. Oil prices surged sharply, with Brent crude exceeding $121. Additionally, several countries, including Pakistan, are facing severe fuel shortages, raising concerns about critical supply shortages in the coming months.