Global Oil Markets Brace for Supply Shock as Hormuz Shipments Dry Up

The final oil tankers to exit the Strait of Hormuz prior to the conflict with Iran are expected to arrive at refineries by April 20. Analysts warn this window marks the beginning of potential physical fuel shortages across the U.S. and Europe.

• Last tankers from Hormuz expected to unload by April 20
• Outbreak of war with Iran has disrupted the Strait of Hormuz
• Physical shortages predicted for U.S. and European markets
• Transition from price volatility to physical supply scarcity
• Extreme upward pressure expected on crude oil benchmarks