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US energy executives warn of massive oil supply crunch
Executives from the largest US energy companies warned on Thursday that oil prices are likely to spike this summer, as the buffers the US and other western countries used to mitigate the impact of the closure of the Strait of Hormuz run dry.
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zerohedge.com
Why Oil Markets Could Face A Generational Shock This Summer If US-Iran Talks Fail
"The bottom line is that the supply shortfall will build in the coming months as temporary buffers are depleted..."
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cnbc.com
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
