President Recep Tayyip Erdogan in Ankara, Turkey, this year. Analysts and officials fear the growing rivalry between Turkey and Israel could exacerbate volatility in the Middle East.
Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
Our energy reporter Rebecca F. Elliott explains how oil reserves helped prevent an oil shock caused by the war in Iran from getting even worse — and how low those reserves are now.
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