Escalation of war in the Middle East threatens recovery of global oil refining

The escalation of the conflict in the Middle East is putting at risk the recovery of the global oil refining industry, according to a report by Reuters. The ongoing tensions in the region, which includes major oil producers, have raised concerns about supply disruptions and volatility in energy markets. Analysts warn that further instability could delay the rebound of refining margins, which have been under pressure due to weak demand and oversupply. The situation underscores the fragility of the global energy supply chain, with potential implications for fuel prices and economic recovery worldwide.