Global inventory race intensifies amid fears of energy crunch from Iran war
The ongoing conflict in Iran has severely impacted global oil supplies, leading to a significant drop in inventory levels. The International Energy Agency reported a decrease of 250 million barrels in just two months due to disruptions in tanker traffic through the Strait of Hormuz. As countries scramble to secure alternative sources, cumulative losses from Gulf oil producers have surpassed 1 billion barrels.
- ▪Oil stockpiles have decreased by 250 million barrels over March and April.
- ▪The Strait of Hormuz blockade has halted tanker traffic, affecting global petroleum supply.
- ▪More than 14 million barrels per day of oil production has been shut in since the conflict began.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/16163914/iran-war-squeezes-asia-energy-supply-as-india-japan-feel-str-1-800x420.jpeg" alt="Global inventory race intensifies amid fears of energy crunch from Iran war" class="w-full aspect-[19/10] object-cover" /> Global inventory race intensifies amid fears of energy crunch from Iran war Oil stockpiles have plunged by 250 million barrels in two months as the Strait of Hormuz blockade reshapes global supply chains and sends countries scrambling for alternatives. Share Add us on Google by Editorial Team May. 16, 2026 The world’s oil pantry is running dangerously low, and everyone is trying to restock at the same time.
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