Oil traders warn market is close to running on empty as Hormuz shuts again
Stockpiles that acted as shock absorbers early in Iran war are running low as key waterway closes once more
Source: Financial Times
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DW NOTE
The Hormuz closure is now five months old. Strategic reserves exist to buy time for policy solutions — they've had seventeen weeks. Every barrel drawn now is a barrel unavailable when this ends badly, and reopening a strait is faster than refilling a reserve. The question is no longer whether supplies run low, but what governments do when they actually run out.