IMF Says Oil Markets Have Depleted All 3 'Shock Absorbers' as U.S.-Iran Conflict Threatens to Restart

3-line summary

• The IMF said oil markets have depleted all three of their "shock absorbers," according to the report.
• Those buffers have kept prices from jumping too high, but the IMF warned that if U.S.-Iran fighting escalates again, there could be another spike in gasoline prices.

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