Middle East oil squeeze: How much crude is actually flowing through Hormuz
AI Summary
US officials report crude oil flow through the Strait of Hormuz is exceeding market expectations. External data show a decline in oil tanker shipments and global stockpiles, while covert shadow fleets complicate tracking. This situation could lead to volatility in oil prices and supply forecasts.
US officials assert that oil is moving through the Strait of Hormuz at a pace far exceeding market projections. External data indicates a drop in oil tanker activity and a decline in global stockpiles. This divergence raises questions about the true amount of crude oil flowing into worldwide markets. Additionally, shadow fleets attempting to mask their locations complicate monitoring efforts, leading to potential volatility in oil prices and supply predictions.