EconomyWhy Middle East Oil Risks Now Exceed US-China Tensions

Name: Why Middle East Oil Risks Now Exceed US-China Tensions
Uploaded: 2026-09-30T18:08:00.000Z
Description: IIF Deputy Chief Economist Ashok Bhundia says shrinking oil and diesel inventories near the Strait of Hormuz pose a more urgent global danger than US-China strategic competition. He warns that high crack spreads are fueling cost-push inflation and could cause a sudden market shock.

IIF Deputy Chief Economist Ashok Bhundia says shrinking oil and diesel inventories near the Strait of Hormuz pose a more urgent global danger than US-China strategic competition. He warns that high crack spreads are fueling cost-push inflation and could cause a sudden market shock.

Bloomberg Television 2026-09-30 18:08