Iran war is draining world’s oil buffer at an unprecedented pace

AI Summary

Morgan Stanley has reported that the ongoing conflict in Iran is causing a significant rapid decline in global oil stockpiles, with estimates suggesting a drop of approximately 4.8 million barrels per day since early March. This poses potential implications for international oil markets.

Morgan Stanley estimates global oil stockpiles dropped by about 4.8 million barrels a day between March 1 and April 25.