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Vitol CEO Russell Hardy says that at least one billion barrels of oil production will be lost because of the

Economic impact of the 2026 Iran war — Vitol CEO Russell Hardy says that at least one billion barrels of oil production will be lost because of the war even if it ends immediately, and that the current loss is in the ra

Published April 21, 2026· Updated October 28, 2026·1 min read

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Context: Economic impact of the 2026 Iran war.

Vitol CEO Russell Hardy says that at least one billion barrels of oil production will be lost because of the war even if it ends immediately, and that the current loss is in the range of 600 to 700 million barrels. [https://www.ft.com/content/68c80b3e-b645-46a5-b748-0d2ebb3f56e7?syn-25a6b1a6=1 ( Financial Times )]

Event summary via Wikipedia Current Events (2026-04-21).