Oil Shortage Warning: Europe and US Could Face Supply Issues

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The Financial Times reports that oil shortages are spreading beyond Asia and could soon impact the US and Europe. As the last tankers from the Strait of Hormuz arrive in Asia, concerns are mounting about future supply. This potential disruption could lead to significant price increases for consumers and businesses, impacting various sectors of the economy. Governments and energy companies are closely monitoring the situation to mitigate potential risks.