Hormuz Strait: 33 km Critical Filter and 300,000 US Barrels at Risk
commercial-stocksThe Hormuz Strait, just 33 km wide, filters 20% of global oil trade. Oilprice.com reports Brent surpassed $100 per barrel, driven by physical inventory drawdowns. US commercial stocks dropped 300,000 barrels in the week ending September 4, per API data. In 21 weeks, commercial reserves excluding SPR lost over 48 million barrels. SPR released 1.2 million barrels to stabilize the market, highlighting a systematic drawdown: physical demand outpaces maritime supply. Storage density loss drives crude prices up, not speculation.
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