State of Global Oil Inventories Ruins Iran Peace Optimism
By Irina Slav - Jun 17, 2026, 6:00 PM CDT Oil markets may be celebrating the U.S.-Iran peace deal too early, as reopening the Strait of Hormuz will not immediately restore tanker traffic, production, refining activity, or insurance coverage. Global oil inventories have been heavily depleted during the Hormuz crisis,…
bubmagJune 18, 2026