Oil Market on the Brink: How the Hormuz Crisis Is Draining Global Reserves

TLDR: Goldman Sachs warns global oil stocks could fall below 7.4 billion barrels if Hormuz stays shut through May. JPMorgan estimates a 4.3 million barrel-per-day demand drop in April, with Asia absorbing over 80% of the cut. The Philippines, India, and Japan have already imposed fuel rationing amid worsening Hormuz supply disruptions. Europe’s jet fuel [...]

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