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Head of world’s largest independent oil trader says shipping squeeze creating new bottleneck
Seeking Alpha ·
Seeking Alpha reports: The global energy crisis triggered by the Iran war has entered a new phase because of a growing shortage of tankers, the head of the world's largest independent oil trader said Tuesday, according to the Financial Times . "We started this conflict with a crude crisis. Then it turned into a product crisis. Now we have more crude oil coming out of the Middle East, but it is turning into a shipping crisis," Vitol CEO Russell Hardy told the Energy Intelligence Forum in…