Dossier
emergency crude stockpiles
Coverage of emergency crude stockpiles in the Nexus archive.
- Return to pre-crisis oil and gas supplies months away even if strait of Hormuz reopens
Markets reacted positively to a US-Iran peace deal that could reopen the Strait of Hormuz, causing oil prices to drop to a three-month low. However, prices may remain high as buyers work to replenish depleted emergency crude stockpiles, delaying a return to pre-crisis supply levels.