Dossier
Oil Stocks Depletion
Coverage of Oil Stocks Depletion in the Nexus archive.
- As Iran war drags on, this is how quickly global oil stocks are being depleted — and travel season is starting soon
An ongoing Iran war is causing severe depletion of global oil stocks, with physical supplies through the Strait of Hormuz down 95% below normal levels. As travel season approaches, this supply shortage threatens to impact energy availability and prices globally.