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Global oil stockpiles could hit record lows if Strait of Hormuz remains closed

The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.

First seen · 1:25 PM UTCMay 16, 2026

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Global oil stockpiles could hit record lows if Strait of Hormuz remains closedThe world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.
1:25 PM UTC

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