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Omar warns of oil shock from conflict


ISLAMABAD:

Leader of the Opposition in the National Assembly Omar Ayub Khan has warned that the ongoing Iran-Israel war will shake the global economy as Iran and Kuwait hold the world’s largest oil wells.

Speaking at a press conference, the PTI leader described Israel’s onslaught on Iran as a terrorist attack, lamenting that the Iranian leadership was attacked that plays an important role.

He said the world consumes 104 million barrels of oil per day. If anything happens in the aftermath of the conflict, strategic reserves would last only about 12 days.

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