Energy: Global oil stockpiles may reach record lows if the Strait of Hormuz continues to be closed, impacting supply routes.

May 16, 2026 - 09:40

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Energy: Global oil stockpiles may reach record lows if the Strait of Hormuz continues to be closed, impacting supply routes.

🚨 UBS warns that global oil stockpiles might hit historic lows by the end of May if the Strait of Hormuz remains closed. Stay tuned for updates on this critical situation! 🛢️ #OilMarket #EnergyCrisis

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