Energy: Global oil stockpiles may reach record lows if the Strait of Hormuz remains closed, impacting oil supply and prices.

May 16, 2026 - 09:30

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Energy: Global oil stockpiles may reach record lows if the Strait of Hormuz remains closed, impacting oil supply and prices.

🚨 UBS warns that global oil stockpiles may hit near-record lows by the end of May if the Strait of Hormuz remains closed. Stay tuned for updates on this critical situation! #OilMarket #StraitOfHormuz #UBS

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