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Stock impact report

Iran war-related oil crisis creates some market winners and losers [USA TODAY]

Marathon Petroleum Corporation (MPC) 
Last marathon petroleum corporation earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.marathonpetroleum.com
Company Research Source: USA TODAY
The critical chokepoint — through which 20% of the world's daily oil supply normally flows — remains closed, with Iranian forces threatening to strike any unauthorized vessel attempting to pass. In terms of total production loss, this is the worst oil crisis in modern history, surpassing the 1970s Arab embargo and the Gulf War disruptions of the early 1990s. The approximately 20 million barrels per day affected has prompted an unprecedented coordinated response: The International Energy Agency announced the release of 400 million barrels from member-country reserves, while the Trump administration ordered an additional drawdown of 172 million barrels from the Strategic Petroleum Reserve — bringing the SPR to its lowest level since the 1980s. Despite these extraordinary measures, oil prices climbed for a second consecutive week. WTI crude approached $95 per barrel by the morning of March 13 after Iran's new supreme leader, Mojtaba Khamenei, declared the strait must remain closed. Show less Read more
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