Norway Oil Workers Threaten Strike From June 5, Risking 8% Output Cut
🛢️ OSLO — Europe's backup supply is now threatening to walk off the job. 📌 LOOK CLOSER: Norway supplies roughly 2M bpd — Europe's primary non-Hormuz alternative. An 8% output cut landing while Brent climbs on Iran risk removes the buffer that kept European recession fears theoretical. Timing hits before Bloomberg's August threshold. For EU capitals already rationing Hormuz exposure, Norwegian disruption isn't marginal — it's additive.
