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Why Middle East Oil Risks Now Exceed US-China Tensions

Bloomberg Markets Wednesday 30 September 2026, 03:35 UTC 1 min read
Key Points

IIF Deputy Chief Economist Ashok Bhundia argues that dwindling oil and diesel inventories around the Strait of Hormuz present a more urgent global risk than US-China strategic competition. He warns that elevated crack spreads are driving cost-push inflation and could trigger a sudden market shock.

IIF Deputy Chief Economist Ashok Bhundia argues that dwindling oil and diesel inventories around the Strait of Hormuz present a more urgent global risk than US-China strategic competition. He warns that elevated crack spreads are driving cost-push inflation and could trigger a sudden market shock. (Source: Bloomberg)
Ashok Bhundia (PERSON) the Strait of Hormuz (LOCATION) US (LOCATION) China (LOCATION) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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