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石油的新问题不是供应,而是物流Oil's new problem isn't supply. It's logistics

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中东原油出口近期升至伊朗战争爆发以来的最高水平,因更多海湾产油国恢复经霍尔木兹海峡运输——尽管伊朗袭击威胁犹存。

Middle East crude exports recently climbed to their highest levels since the start of the Iran war as more Gulf producers resume transit through the Strait of Hormuz – despite the continued threat of Iranian attacks.

但油价依然顽固高企,显示物流问题的破坏性不亚于彻底的供应损失。

Yet oil prices remain stubbornly elevated, suggesting logistical problems are proving as disruptive as outright supply losses.

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