CERAWEEK-US-Iran war disruption beyond 3-4 months poses systemic risk to global economy, Total CEO says
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LONDON, March 23 (Reuters) - A disruption to global energy supplies from the U.S.-Israeli war on Iran lasting beyond three to four months would pose a systemic risk to the global economy, TotalEnergies TTEF.PA CEO said on Monday.
The disruption to global fuel supplies is worse than the disruption to crude oil supplies because it has been exacerbated by a Chinese export ban on products like diesel, gasoline and jet fuel, Pouyanne said at the CERAWeek energy conference in Houston. China banned the exports to ensure sufficient domestic fuel supplies during the crisis.
The ban has made the fuel supply situation in Southeast Asia unsustainable, Pouyanne said.
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