Market Watch
21 May 2026, 09:39 UTC · 11h ago
Source · https://www.marketwatch.com/story/as-iran-war-drags-on-this-is-how-quickly-global-oil-stocks-are-being-depleted-and-travel-season-is-starting-soon-c6948319
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Physical oil supplies through the Strait of Hormuz have fallen 95% below regular levels. — A near-total shutdown of a primary global oil transit chokepoint would trigger an immediate price spike due to severe supply shortages.
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