The Strait of Hormuz Has Been Closed for 100 Days. Why Aren’t Oil Prices Higher? (opens original article in a new tab)

The Strait of Hormuz has been blockaded for 100 days, causing significant oil supply disruptions, but prices have not risen sharply due to existing stockpiles and alternative supply sources. Analysts predict prolonged recovery and potential price volatility if the strait reopens.

• Strait of Hormuz blockaded for 100 days with unclear oil movement due to dark trade practices.
• Global oil prices remain low despite 95% reduction in Arabian Gulf crude shipments due to existing stockpiles and alternative supply sources.
• Oil market analysts predict supply disruptions could last until 2027 with potential price volatility if Strait reopens abruptly.