economy
How long can oil markets absorb the Hormuz shock?
Improvements in oil intensity have cushioned the global economy so far — but could prompt reckless political choices
TL;DR
- Improvements in oil intensity have helped cushion the global economy.
- This resilience might prompt reckless political choices.
- Decreased oil demand could obscure underlying vulnerabilities.
- The long-term effects on market stability and policy are uncertain.