Oil shortages escalate from wars in Iran and Ukraine, with few signs of relief

Customers stand with empty cooking-gas cylinders in Srinagar, India, waiting to be able to refill them. Firdous Nazir/NurPhoto via Getty Images The global energy crisis triggered by two wars is set to worsen, as Ukraine pummels Russia’s refining industry and Iranian attacks continue on Middle Eastern oil production and refining. Further, the nature of the destruction and the growing number of fronts and warring parties involved may herald a new era of extended vulnerability for countries that…