![\"コラム：米、イラン攻撃後の原油ショック吸収手段が急速に枯渇\"\/](\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2026\/03\/MA27536IJBLVZF4337AG7XZYUE.jpg\")
<\/p>\n<\/p>\n
\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u8fd1\u8fba\u3092\u822a\u884c\u3059\u308b\u30bf\u30f3\u30ab\u30fc\u30023\u670811\u65e5\u64ae\u5f71\u3002REUTERS<\/p>\n
[\u30ed\u30f3\u30c9\u30f3 \uff11\uff16\u65e5 \u30ed\u30a4\u30bf\u30fc] – \u7c73\u56fd\u30fb\u30a4\u30b9\u30e9\u30a8\u30eb\u3068\u653b\u6483\u76f8\u624b\u306e\u30a4\u30e9\u30f3\u3068\u306e\u6226\u95d8\u304c\u6fc0\u5316\u3059\u308b\u4e2d\u3001\u7c73\u56fd\u306f\u4e2d\u6771\u7523\u539f\u6cb9\u306e\u4f9b\u7d66\u4e0d\u8db3\u304b\u3089\u77f3\u6cb9\u5e02\u5834\u3092\u5b88\u308b\u305f\u3081\u306e\u300c\u7de9\u885d\u6750\u300d\u304c\u6025\u6e1b\u3057\u3066\u5e95\u3092\u7a81\u3053\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u60c5\u52e2\u304c\u3055\u3089\u306b\u60aa\u5316\u3059\u308c\u3070\u3001\u4e16\u754c\u7d4c\u6e08\u306e\u6e1b\u901f\u304c\u3055\u3089\u306b\u6df1\u523b\u5316\u3059\u308b\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n
\u30ed\u30a4\u30bf\u30fc\u306e\u8a66\u7b97\u306b\u3088\u308b\u3068\u3001\u653b\u6483\u304c\uff13\u9031\u76ee\u306b\u7a81\u5165\u3059\u308b\u4e2d\u3067\u4e2d\u6771\u306e\u91cd\u8981\u306a\u6d77\u4e0a\u8981\u885d\u3067\u3042\u308b\u30db\u200b\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u4e8b\u5b9f\u4e0a\u306e\u5c01\u9396\u306b\u3088\u308a\u3001\u4e16\u754c\u306e\u77f3\u6cb9\u4f9b\u7d66\u91cf\u306e\u5c11\u306a\u304f\u3068\u3082\uff11\uff15\uff05\u304c\u30da\u30eb\u30b7\u30e3\u6e7e\u5185\u306b\u4e8b\u5b9f\u4e0a\u9589\u3058\u8fbc\u3081\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n
\u4e16\u754c\u6700\u5927\u306e\u77f3\u6cb9\u8f38\u51fa\u56fd\u3067\u3042\u308b\u30b5\u30a6\u30b8\u30a2\u200c\u30e9\u30d3\u30a2\u306f\u3001\u65e5\u91cf\u3067\u6700\u5927\uff15\uff10\uff10\u4e07\u30d0\u30ec\u30eb\u306e\u539f\u6cb9\u3092\u7d05\u6d77\u306e\u30e4\u30f3\u30d6\u30fc\u6e2f\u3078\u8fc2\u56de\u3055\u305b\u308b\u3079\u304f\u5954\u8d70\u3057\u3066\u3044\u308b\u3002\u30a2\u30e9\u30d6\u9996\u9577\u56fd\u9023\u90a6\uff08\uff35\uff21\uff25\uff09\u3082\u3001\u30d5\u30b8\u30e3\u30a4\u30e9\u77f3\u6cb9\u30bf\u30fc\u30df\u30ca\u30eb\u3092\u901a\u3058\u3066\u539f\u6cb9\u8f38\u51fa\u3092\u8fc2\u56de\u3055\u305b\u3066\u3044\u308b\u3002\u305d\u308c\u3067\u3082\u306a\u304a\u3001\u65e5\u91cf\u7d04\uff11\uff15\uff10\uff10\u4e07\u30d0\u30ec\u30eb\u306e\u4e2d\u6771\u7523\u539f\u6cb9\u304c\u4e16\u754c\u5e02\u5834\u304b\u3089\u7de0\u3081\u51fa\u3055\u308c\u305f\u307e\u307e\u3067\u3042\u308a\u3001\u3053\u308c\u306f\u7b2c\uff12\u6b21\u4e16\u754c\u5927\u6226\u5f8c\u306b\u524d\u4f8b\u306e\u306a\u304b\u3063\u305f\u4f9b\u7d66\u9014\u7d76\u3060\u3002<\/p>\n
\u3053\u306e\u30b7\u30e7\u30c3\u30af\u306b\u3088\u308a\u3001\u5317\u6d77\u30d6\u30ec\u30f3\u30c8\u539f\u6cb9\u5148\u7269\u4fa1\u683c\u306f\uff11\u30d0\u30ec\u30eb\uff1d\uff11\uff10\uff10\u30c9\u30eb\u3092\u8d85\u3048\u3001\u30c7\u30a3\u30fc\u30bc\u30eb\u71c3\u6599\u3084\u822a\u7a7a\u6a5f\u7528\u30b8\u30a7\u30c3\u30c8\u71c3\u6599\u306a\u3069\u306e\u7cbe\u200b\u88fd\u6cb9\u88fd\u54c1\u306e\u4e16\u754c\u4fa1\u683c\u306f\u6025\u9a30\u3057\u3066\u3044\u308b\u3002<\/p>\n
\u30a4\u30e9\u30f3\u306e\u65b0\u6307\u5c0e\u8005\u30e2\u30b8\u30bf\u30d0\u5e2b\u306f\u3001\u7c73\u56fd\u3068\u30a4\u30b9\u30e9\u30a8\u30eb\u306b\u5727\u529b\u3092\u304b\u3051\u308b\u305f\u3081\u306b\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u5c01\u9396\u3092\u7d9a\u3051\u308b\u3068\u5ba3\u8a00\u3057\u305f\u3002\u305f\u3060\u3057\u3001\u305d\u308c\u305e\u308c\u200b\u306e\u56fd\u304c\u8239\u8236\u306e\u822a\u884c\u306b\u3064\u3044\u3066\u30a4\u30e9\u30f3\u6d77\u8ecd\u3068\u8abf\u6574\u3059\u308b\u3053\u3068\u306f\u53ef\u80fd\u3060\u3068\u793a\u5506\u3057\u305f\u3002<\/p>\n
\u7c73\u653f\u5e9c\u306f\u3001\u7c73\u6d77\u8ecd\u306e\u529b\u3067\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u3092\u901a\u904e\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u2060\u308b\u3053\u3068\u306f\u4e0d\u53ef\u80fd\u306a\u306e\u3092\u8a8d\u3081\u3066\u3044\u308b\u3002<\/p>\n
\u56fd\u969b\u30a8\u30cd\u30eb\u30ae\u30fc\u6a5f\u95a2\uff08\uff29\uff25\uff21\uff09\u306b\u3088\u308b\u3068\u3001\u6226\u95d8\u524d\u306e\u539f\u6cb9\u306e\u4f59\u5270\u751f\u7523\u80fd\u529b\u306f\u65e5\u91cf\u7d04\uff13\uff19\uff10\u4e07\u30d0\u30ec\u30eb\u3060\u3063\u305f\u3002\u305d\u306e\u5727\u5012\u7684\u5927\u90e8\u5206\u306f\u4e2d\u6771\u306b\u96c6\u4e2d\u3057\u3066\u304a\u308a\u3001\u30b5\u30a6\u30b8\u30a2\u30e9\u30d3\u30a2\u200b\u304c\u65e5\u91cf\u7d04\uff11\uff17\uff10\u4e07\u30d0\u30ec\u30eb\u3092\u5360\u3081\u3066\u3044\u308b\u3002<\/p>\n
![\"The](\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2026\/03\/1773730414_971_chart.png\")
The Hormuz deficit<\/p>\n
\uff1c\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u3088\u3046\u3068\u3059\u308b\u52d5\u304d\uff1e<\/p>\n
\u30ac\u30bd\u30ea\u30f3\u4fa1\u683c\u4e0a\u6607\u304c\u653f\u6cbb\u7684\u306b\u654f\u611f\u306a\u554f\u984c\u306a\u306e\u3092\u75db\u611f\u3057\u3066\u3044\u308b\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u3001\u904e\u53bb\uff12\u9031\u9593\u306b\u308f\u305f\u3063\u3066\u5e02\u5834\u3078\u306e\u5727\u529b\u3092\u7de9\u548c\u3059\u308b\u305f\u200b\u3081\u306b\u5229\u7528\u53ef\u80fd\u306a\u307b\u307c\u3042\u3089\u3086\u308b\u624b\u6bb5\u3092\u8b1b\u3058\u3066\u304d\u305f\u3002<\/p>\n
\u7c73\u653f\u5e9c\u306f\uff11\uff12\u65e5\u3001\u3053\u308c\u307e\u3067\u306e\u5236\u88c1\u63aa\u7f6e\u306e\u9069\u7528\u3092\u514d\u9664\u3057\u3001\u6d77\u4e0a\u3067\u904b\u3070\u308c\u3066\u3044\u308b\u30ed\u30b7\u30a2\u7523\u539f\u6cb9\u30fb\u77f3\u6cb9\u88fd\u54c1\u3092\u5404\u56fd\u304c\u8cfc\u5165\u3059\u308b\u3053\u3068\u3092\u8a8d\u3081\u308b\u901a\u9054\u3092\u767a\u8868\u3057\u305f\u3002\u7c73\u8ca1\u52d9\u7701\u306f\u65e2\u306b\u3001\u30a4\u30f3\u30c9\u306b\u5bfe\u3057\u3066\u540c\u69d8\u306b\uff13\uff10\u65e5\u9593\u306e\u514d\u9664\u63aa\u7f6e\u3092\u51fa\u3057\u3066\u3044\u305f\u3002<\/p>\n
\u5bfe\u8c61\u3068\u306a\u308b\u6570\u91cf\u306f\u6975\u3081\u3066\u5927\u304d\u3044\u3002\u6d77\u904b\u5206\u6790\u4f1a\u793e\uff2b\uff50\uff4c\uff45\uff52\u306b\u3088\u308b\u3068\u3001\uff11\uff12\u65e5\u6642\u70b9\u3067\u30bf\u30f3\u30ab\u30fc\u306b\u7a4d\u8f09\u3055\u308c\u3066\u3044\u308b\u30ed\u30b7\u30a2\u7523\u539f\u6cb9\u30fb\u77f3\u6cb9\u88fd\u54c1\u306f\u8a08\u7d04\uff12\u5104\uff14\uff15\uff10\uff10\u4e07\u30d0\u30ec\u30eb\u306b\u4e0a\u308a\u3001\u3053\u308c\u306f\u4f9b\u7d66\u304c\u9014\u7d76\u3048\u305f\u4e2d\u6771\u200b\u7523\u306e\u4f9b\u7d66\u91cf\u3068\u307b\u307c\u540c\u898f\u6a21\u3060\u3002<\/p>\n
\u3057\u304b\u3057\u3001\u305f\u3068\u3048\u514d\u9664\u63aa\u7f6e\u304c\u5ef6\u9577\u3055\u308c\u305f\u3068\u3057\u3066\u3082\u3001\u3053\u306e\u8868\u5411\u304d\u306e\u6570\u5b57\u306f\u5b9f\u969b\u306e\u7de9\u548c\u52b9\u679c\u3092\u904e\u5927\u8a55\u4fa1\u3057\u3066\u3044\u308b\u3002\u4e2d\u56fd\u3068\u30a4\u30f3\u30c9\u3001\u30c8\u30eb\u30b3\u306f\u897f\u5074\u8af8\u56fd\u306e\u5236\u88c1\u63aa\u7f6e\u306b\u3082\u304b\u304b\u200b\u308f\u3089\u305a\u3001\u65e2\u306b\u30ed\u30b7\u30a2\u7523\u539f\u6cb9\u306e\u5927\u90e8\u5206\u3092\u8cfc\u5165\u3057\u3066\u3044\u305f\u304b\u3089\u3060\u3002\u3064\u307e\u308a\u3001\u3053\u306e\u514d\u9664\u63aa\u7f6e\u306b\u3088\u3063\u3066\u5e02\u5834\u306b\u653e\u51fa\u3055\u308c\u308b\u539f\u6cb9\u91cf\u306f\u3001\u63a8\u6e2c\u3088\u308a\u306f\u308b\u304b\u306b\u5c11\u306a\u3044\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n
\uff29\uff25\uff21\u3082\u7a4d\u6975\u7684\u306a\u52d5\u304d\u3092\u898b\u305b\u3066\u3044\u308b\u3002\uff11\uff11\u65e5\u306b\uff13\uff12\u306e\u52a0\u76df\u56fd\u306b\u200c\u5bfe\u3057\u3001\u77f3\u6cb9\u5099\u2060\u84c4\u304b\u3089\uff14\u5104\u30d0\u30ec\u30eb\u3092\u7dca\u6025\u653e\u51fa\u3059\u308b\u8a08\u753b\u3092\u767a\u8868\u3057\u305f\u3002\u3053\u308c\u306f\uff29\uff25\uff21\u304c\u7ba1\u7406\u3059\u308b\u6226\u7565\u77f3\u6cb9\u5099\u84c4\u306e\u7dcf\u91cf\u306e\u7d04\uff13\u5206\u306e\uff11\u306b\u76f8\u5f53\u3057\u3001\u524d\u4f8b\u306e\u306a\u3044\u898f\u6a21\u306e\u653e\u51fa\u3068\u306a\u308b\u3002<\/p>\n
\u7c73\u56fd\u306f\uff14\u5104\uff11\uff15\uff10\uff10\u4e07\u30d0\u30ec\u30eb\u306e\u6226\u7565\u77f3\u6cb9\u5099\u84c4\u306e\u3046\u3061\uff11\u5104\uff17\uff12\uff10\uff10\u4e07\u30d0\u30ec\u30eb\u3092\u653e\u51fa\u3059\u308b\u4e88\u5b9a\u3067\u3042\u308a\u3001\u3053\u306e\u5272\u5408\u306f\u4ed6\u56fd\u3092\u5727\u5012\u7684\u306b\u4e0a\u56de\u308b\u3002\uff2a\uff30\u30e2\u30eb\u30ac\u30f3\u306e\u30ec\u30dd\u30fc\u30c8\u306b\u3088\u308b\u3068\u3001\u7c73\u56fd\u304c\u5bb9\u6613\u306b\u653e\u51fa\u3067\u304d\u308b\u6b8b\u308a\u306e\u77f3\u6cb9\u91cf\u306f\u308f\u305a\u304b\uff11\u5104\u30d0\u30ec\u30eb\u7a0b\u5ea6\u306b\u306a\u308b\u3002<\/p>\n
\u307e\u305f\u3001\u30c8\u30e9\u30f3\u30d7\u7c73\u653f\u6a29\u306f\u7c73\u56fd\u5185\u306e\u6e2f\u6e7e\u9593\u8f38\u9001\u306b\u7c73\u56fd\u306e\u8239\u8236\u306e\u4f7f\u7528\u3092\u7fa9\u52d9\u4ed8\u3051\u308b\u300c\u5546\u8239\u6cd5\uff08\u30b8\u30e7\u30fc\u30f3\u30ba\u6cd5\uff09\u300d\u306e\u9069\u7528\u3092\u4e00\u6642\u505c\u6b62\u3059\u308b\u3053\u3068\u3082\u691c\u8a0e\u3057\u3066\u3044\u308b\u3002\u5b9f\u73fe\u3059\u308c\u3070\u3001\u5916\u56fd\u306e\u8239\u8236\u3092\u4f7f\u3063\u3066\u7c73\u56fd\u5185\u306e\u6e2f\u6e7e\u9593\u3067\u71c3\u6599\u3084\u8fb2\u7523\u54c1\u3092\u904b\u3079\u308b\u3088\u3046\u306b\u306a\u308b\u3002<\/p>\n
![\"Oil](\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2026\/03\/1773730415_557_chart.png\")
Oil exports via the Strait of Hormuz<\/p>\n
\uff1c\u9700\u8981\u306e\u5d29\u58ca\uff1e<\/p>\n
\u3053\u3046\u3057\u200b\u305f\u63aa\u7f6e\u3092\u7dcf\u5408\u3059\u308b\u3068\u3001\u53b3\u3057\u3044\u73fe\u5b9f\u304c\u6d6e\u304d\u200b\u5f6b\u308a\u306b\u306a\u308b\u3002\u3059\u306a\u308f\u3061\u3001\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u2060\u4e8b\u5b9f\u4e0a\u306e\u5c01\u9396\u304c\u4e16\u754c\u306e\u77f3\u6cb9\u5e02\u5834\u306b\u53ca\u307c\u3059\u8907\u5408\u7684\u306a\u5f71\u97ff\u3092\u3001\u5b9f\u8cea\u7684\u306b\u76f8\u6bba\u3067\u304d\u308b\u624b\u6bb5\u3092\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u5931\u3044\u3064\u3064\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n
\u4f9b\u7d66\u304c\u9700\u8981\u306b\u8ffd\u3044\u3064\u304b\u306a\u3044\u5834\u5408\u3001\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u901a\u5e38\u306f\u6d88\u8cbb\u3082\u6e1b\u5c11\u3059\u308b\u3002\u77f3\u6cb9\u306e\u5834\u5408\u3001\u305d\u308c\u306f\u7d4c\u6e08\u6d3b\u52d5\u306b\u6df1\u523b\u306a\u6253\u6483\u3092\u4e0e\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u200b\u308b\u3002<\/p>\n
\u30a2\u30b8\u30a2\u306f\u6700\u3082\u8106\u5f31\u3060\u3002\u30a2\u30b8\u30a2\u306f\u539f\u6cb9\u8f38\u5165\u91cf\u306e\u7d04\uff16\u5272\u3092\u4e2d\u6771\u306b\u4f9d\u5b58\u3057\u3066\u304a\u308a\u3001\u4f9b\u7d66\u9014\u7d76\u306b\u3088\u308b\u5f71\u97ff\u306e\u5168\u5bb9\u306f\u9855\u5728\u5316\u3057\u59cb\u3081\u305f\u3070\u304b\u308a\u200b\u3060\u3002\u30da\u30eb\u30b7\u30e3\u6e7e\u304b\u3089\u30a2\u30b8\u30a2\u2060\u3078\u306e\u30bf\u30f3\u30ab\u30fc\u306e\u822a\u884c\u306b\u306f\u901a\u5e38\u7d04\uff11\u30ab\u6708\u3092\u8981\u3059\u308b\u305f\u3081\u3001\u4eca\u5f8c\uff12\u9031\u9593\u3067\u4f9b\u7d66\u91cf\u306f\u6025\u6e1b\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n
\u3055\u3089\u306a\u308b\u4f9b\u7d66\u7de9\u548c\u7b56\u304c\u8b1b\u3058\u3089\u308c\u306a\u3051\u308c\u3070\u3001\u97d3\u56fd\u304b\u3089\u30b9\u30ea\u30e9\u30f3\u30ab\u306b\u81f3\u308b\u307e\u3067\u5404\u56fd\u653f\u5e9c\u306f\u71c3\u6599\u306e\u914d\u7d66\u5236\u3092\u5c0e\u5165\u305b\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308a\u3001\u65e2\u306b\u8106\u5f31\u306a\u7d4c\u6e08\u306b\u3055\u3089\u306a\u308b\u6253\u6483\u3092\u4e0e\u3048\u308b\u3053\u3068\u306b\u306a\u308a\u304b\u306d\u306a\u3044\u3002<\/p>\n
\u30bf\u30a4\u3084\u65e5\u672c\u3001\u30d9\u30c8\u30ca\u30e0\u3001\u30a4\u30f3\u30c9\u306a\u3069\u306e\u56fd\u3005\u306f\u65e2\u306b\u305d\u306e\u65b9\u5411\u3078\u3068\u52d5\u304d\u51fa\u3057\u3066\u3044\u308b\u3002\u30a2\u30b8\u30a2\u5404\u5730\u306e\u88fd\u6cb9\u6240\u306f\u539f\u6cb9\u3092\u7bc0\u7d04\u3059\u308b\u305f\u3081\u2060\u7a3c\u50cd\u7387\u3092\u4e0b\u3052\u200b\u3066\u3044\u308b\u3002\u4e00\u90e8\u306e\u653f\u5e9c\u306f\u8077\u54e1\u306b\u5728\u5b85\u52e4\u52d9\u3092\u547d\u3058\u3001\u30a8\u30b9\u30ab\u30ec\u30fc\u30bf\u30fc\u306e\u5229\u7528\u3092\u63a7\u3048\u308b\u3088\u3046\u547c\u3073\u304b\u3051\u3001\u9ad8\u9a30\u3059\u308b\u71c3\u6599\u200b\u4fa1\u683c\u304b\u3089\u6d88\u8cbb\u8005\u3092\u5b88\u308b\u305f\u3081\u306b\u71c3\u6599\u7a0e\u3092\u64a4\u5ec3\u3059\u308b\u52d5\u304d\u3082\u8d77\u304d\u3066\u3044\u308b\u3002<\/p>\n
\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u304c\u3044\u3064\u518d\u958b\u3055\u308c\u308b\u306e\u304b\u898b\u901a\u3057\u304c\u7acb\u305f\u306a\u3044\u4e2d\u3001\u4e16\u754c\u306e\u77f3\u6cb9\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\uff08\u4f9b\u7d66\u7db2\uff09\u3078\u306e\u5727\u529b\u306f\u5f37\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n
\u7c73\u56fd\u304c\u7dca\u6025\u63aa\u7f6e\u306e\u9078\u629e\u80a2\u3092\u4f7f\u3044\u679c\u305f\u3059\u306b\u3064\u308c\u200b\u3066\u539f\u6cb9\u4fa1\u683c\u306e\u4e0a\u6607\u5727\u529b\u304c\u4e00\u6bb5\u3068\u9ad8\u307e\u308a\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u5bfe\u3059\u308b\u53cd\u767a\u3082\u4e00\u5c64\u5f37\u307e\u308b\u3060\u308d\u3046\u3002<\/p>\n
\uff08\u7b46\u8005\u306f\u30ed\u30a4\u30bf\u30fc\u306e\u30b3\u30e9\u30e0\u30cb\u30b9\u30c8\u3067\u3059\u3002\u672c\u30b3\u30e9\u30e0\u306f\u7b46\u8005\u306e\u500b\u4eba\u7684\u898b\u89e3\u306b\u57fa\u3065\u3044\u3066\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\uff09<\/p>\n
\u79c1\u305f\u3061\u306e\u884c\u52d5\u898f\u7bc4\uff1a\u30c8\u30e0\u30bd\u30f3\u30fb\u30ed\u30a4\u30bf\u30fc\u300c\u4fe1\u983c\u306e\u539f\u5247\u300d, opens new tab<\/p>\n
\u7b46\u8005\u306f\u300cReuters Breakingviews\u300d\u306e\u30b3\u30e9\u30e0\u30cb\u30b9\u30c8\u3067\u3059\u3002\u672c\u30b3\u30e9\u30e0\u306f\u7b46\u8005\u306e\u500b\u4eba\u7684\u898b\u89e3\u306b\u57fa\u3065\u3044\u3066\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n
![\"Ron](\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2026\/03\/https:\/\/author-service-images-prod-us-east-1.publishing.aws.arc.pub\/reuters\/9b620743-a7be-4b00-818e-.jpeg\")
<\/p>\n
Ron is the Reuters Energy Columnist. He offers commentary on global energy markets and their intersection with geopolitics, the economy and every day life. From oil and gas to solar and wind power, the world’s growing demand for energy is shaping governments’ efforts to expand their economies while the world also seeks to decarbonize.
\nPrior to that, Ron was Oil and Gas Corporates Correspondent at Reuters since 2014, covering the world\u2019s top oil and gas companies and their transition into low carbon energy. He has broken major stories on companies including Shell, BP, Chevron and Exxon. He also looks at the physical oil markets with a focus on European refining.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u8fd1\u8fba\u3092\u822a\u884c\u3059\u308b\u30bf\u30f3\u30ab\u30fc\u30023\u670811\u65e5\u64ae\u5f71\u3002REUTERS [\u30ed\u30f3\u30c9\u30f3 \uff11\uff16\u65e5 \u30ed\u30a4\u30bf\u30fc] – \u7c73\u56fd\u30fb\u30a4\u30b9\u30e9\u30a8\u30eb\u3068\u653b\u6483\u76f8\u624b\u306e\u30a4\u30e9\u30f3\u3068\u306e\u6226\u95d8\u304c\u6fc0\u5316\u3059\u308b\u4e2d\u3001\u7c73\u56fd\u306f\u4e2d\u6771\u7523\u539f\u6cb9\u306e\u4f9b\u7d66\u4e0d\u8db3\u304b\u3089\u77f3\u6cb9\u5e02\u5834\u3092\u5b88\u308b\u305f\u3081<\/p>\n","protected":false},"author":2,"featured_media":2792042,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[395391],"tags":[762691,763056,762764,14869,765451,762699,762767,762732,762736,222298,534347,228371,505986,766561,766116,774943,762892,762737,766122,766123,785516,762698,772448,762700,763035,763036,20610,763037,762795,4626,762734,62869,135664,784226,69026,762723,219802,762684,762685,365907,798319,762694,785517,763678,762697,307646,762735,201,762688,28015,762800,766962,763042,33633,786601,238274,763679,388031,770139,763048,766128,654935,786602,769158,763031,765733,763982,764005,770421,766959,763030,779625,763676,779626,766370,622598,766365,9831,763482,762692,762696,762690,762679,99360,705736,89874,763987,779629,779631,762733,200],"class_list":{"0":"post-2792041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news","8":"tag-amers","9":"tag-amerse","10":"tag-anlins","11":"tag-asia","12":"tag-asiae","13":"tag-asxpac","14":"tag-bojj","15":"tag-ceeu","16":"tag-cisc","17":"tag-clm","18":"tag-cn","19":"tag-com","20":"tag-cru","21":"tag-destnojpzam","22":"tag-destnojpztm","23":"tag-distll","24":"tag-easia","25":"tag-eeu","26":"tag-eleu","27":"tag-elut","28":"tag-emacru","29":"tag-emea","30":"tag-emeae","31":"tag-emrg","32":"tag-ener","33":"tag-enff","34":"tag-eng","35":"tag-enqsvc","36":"tag-enr","37":"tag-eu","38":"tag-europ","39":"tag-gb","40":"tag-gen","41":"tag-hoil","42":"tag-in","43":"tag-intag","44":"tag-ir","45":"tag-jfor","46":"tag-jln","47":"tag-lng","48":"tag-lngtrn","49":"tag-meast","50":"tag-mecru","51":"tag-mog","52":"tag-namer","53":"tag-nap","54":"tag-nasia","55":"tag-news","56":"tag-news1","57":"tag-ngs","58":"tag-nrg","59":"tag-ogtr","60":"tag-oilg","61":"tag-opec","62":"tag-phosol","63":"tag-pol","64":"tag-prod","65":"tag-pwr","66":"tag-ref","67":"tag-refi","68":"tag-refi1","69":"tag-rene","70":"tag-renq","71":"tag-repifuel-oil","72":"tag-repigas","73":"tag-repigrid-infrastructure","74":"tag-repilng","75":"tag-repiopec","76":"tag-repipetrochemicals","77":"tag-repipipelines-transport","78":"tag-repirefining","79":"tag-repisolar","80":"tag-repitransport-fuels","81":"tag-repiwind","82":"tag-rnw","83":"tag-roi","84":"tag-rsbiclean-energy","85":"tag-ru","86":"tag-sasia","87":"tag-swasia","88":"tag-tglf","89":"tag-topcmb","90":"tag-topnws","91":"tag-trd","92":"tag-trn","93":"tag-us","94":"tag-util","95":"tag-utlsol","96":"tag-utlwnd","97":"tag-weu","98":"tag-200"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts\/2792041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/comments?post=2792041"}],"version-history":[{"count":0,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts\/2792041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/media\/2792042"}],"wp:attachment":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/media?parent=2792041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/categories?post=2792041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/tags?post=2792041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}