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Stock impact report

The Oil World Is Splintering — And America Has The Backup Plan [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
The Iran war has effectively locked down the Strait of Hormuz and baked in the loss of at least 1 billion barrels of supply ? and the snowballing impact of the event is reordering global energy dependencies and trade relationships. Such a shift is particularly profound for Asia, the world's largest oil consumers, which is strongly dependent on energy from the Persian Gulf and is now forced to patch its supply chains. This pivot is already visible in the data: Asia's crude imports are on track for their lowest April level since 2016. In their place, refiners are aggressively sourcing U.S. WTI, U.S. Mars, Kazakh CPC Blend, and West African sweet crude to keep their economies afloat. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast "It's possible that oil flows through the Strait of Hormuz will never return to pre-war levels, A Show less Read more
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