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Middle East Conflict Causes Record Oil Supply Shock

4/3/2026

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Story summary
  • Ongoing Middle East conflict disrupts global oil supply and lifts fuel prices.
  • Tankers reroute longer routes, with STI Solace transporting diesel from the UK to Australia.
  • The International Energy Agency labels this the biggest supply shock on record.
  • CENTCOM faces criticism for underreporting casualties, with at least 15 deaths and hundreds injured since the war began.
  • The Pentagon's lack of transparency raises concerns about troop safety and regional operations.