Oil reserves are dwindling at record speed.

Posted by thebazzzman@reddit | collapse | View on Reddit | 155 comments

"While demand may swing back to growth towards the end of the year if a deal to end the war is agreed that allows flows through the Strait of Hormuz to gradually resume from 3Q26, as is assumed in this Report, supply will likely be slower to recover. As a result, the oil market remains in deficit until the final quarter of the year. With global oil inventories already drawing at a record clip, further price volatility appears likely ahead of the peak summer demand period"

This latest report is based on the assumption this conflict will soon be resolved. I highly doubt that this will happen. Iran still has 70 percent of its launch capability intact.

Resolve would mean Trump backing down and losing face. That's not going to happen.

The future is looking more bleak with every passing week.