{"text":[[{"start":7.25,"text":"The International Energy Agency has warned of a crunch on petrol and diesel supplies due to the impact of wars on refineries in the Middle East and Russia."}],[{"start":16.5,"text":"Restrictions on shipping through the Strait of Hormuz since the US and Israel attacked Iran in February have meant that Gulf refiners were unable to ship their output, forcing them to reduce their operations."}],[{"start":28.55,"text":"At the same time, global petrol consumption has remained high, as governments have taken steps to protect consumers from high pump prices."}],[{"start":36.8,"text":"“As a result, industry stock draws have exceeded normal rates,” said an IEA report published on Friday."}],[{"start":43.25,"text":"If the trend continues and refineries continue to be hampered by conflict, petrol supplies will remain tight this summer, it said."}],[{"start":50.55,"text":"Headline crude prices dropped after Washington and Tehran signed a memorandum of understanding on June 17 to extend a ceasefire."}],[{"start":58.65,"text":"Prices for most refined products also fell, but to a lesser extent, pushing the difference between refinery feedstocks and output to four-year highs earlier this month."}],[{"start":68.85,"text":"Oil prices rose this week after the US and Iran engaged in a fresh exchange of military strikes and US President Donald Trump said he felt the fragile ceasefire was “over”. "}],[{"start":79.44999999999999,"text":"The IEA said the outlook for global oil supplies would be considerably worse if shipments through the Strait of Hormuz grind to a near-halt again."}],[{"start":88.6,"text":"Ukraine meanwhile has intensified its attacks on Russian refineries focused on exports of diesel and, to a lesser extent, petrol. Moscow on Wednesday banned exports of diesel in a bid to contain a domestic fuel crisis triggered by the strikes on its infrastructure."}],[{"start":110.55,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1783675273_5926.mp3"}