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The world no longer has an oil problem. It has a gasoline problem

todayJuly 14, 2026

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The largest-ever global oil supply shortage has topped economists’ lists of concerns since the start of the Iran war. But even as the United States and Iran resumed their blockades of the Strait of Hormuz, the economy faces a new problem.

 The largest-ever global oil supply shortage has topped economists’ lists of concerns since the start of the Iran war. But even as the United States and Iran resumed their blockades of the Strait of Hormuz, the economy faces a new problem. Read More Breaking News, Latest News and Videos | CNN 

Written by: Energy 90.5

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