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Vitol Says Europe and US Aren’t Facing Up to Oil Supply Crunch

Bloomberg Markets Tuesday 02 June 2026, 14:48 UTC By Archie Hunter 1 min read
Key Points

Vitol’s top executive in the Middle East said that many Western governments still aren’t reckoning with the oil supply crunch that’s rippling around the world due to the blockade of the Strait of Hormuz.

Vitol’s top executive in the Middle East said that many Western governments still aren’t reckoning with the oil supply crunch that’s rippling around the world due to the blockade of the Strait of Hormuz.
Vitol (LOCATION) Europe (LOCATION) US (LOCATION) the Middle East (LOCATION) Western (ORG) the Strait of Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →

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