In his opening address, Al Jaber warned that nearly a billion barrels had been drawn from global oil inventories since the disruption of Hormuz, illustrating how quickly geopolitical instability can affect global energy supplies.
—
Efrat Lachter,
FOXNews.com,
6 Nov. 2026
Metcalf told Fortune last month that even Saudi Arabia’s plan to send 10 million barrels of oil a day around Hormuz may barely move prices.
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