Over 1 billion barrels of oil lost from Hormuz disruption drained strategic reserves to 40-year lows, leaving global markets vulnerable to future price

Oil supply through the Strait of Hormuz is severely disrupted, but markets signal a perceived surplus; WTI reaching $110 in July 2026 at 0.8% YES.

Over 1 billion barrels of oil lost from Hormuz disruption drained strategic reserves to 40-year lows, leaving global markets vulnerable to future price

The world has coped unexpectedly well with the disappearance of over a billion barrels of oil since the start of the Iran war, yet the risk of sharp price...

The global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts warn that depleted strategic reserves,…

As the first attacks of the Iran war began and the Strait of Hormuz was shuttered, markets wasted little time pricing in the expected devastation in oil markets