Traders warn of a potential crude shortage after U.S.-Iran ceasefire collapse, with inventories too low to offset disruptions.
Global oil stockpiles are nearing depletion as the U.S.-Iran ceasefire unravels, raising fears of a fresh supply crunch. Traders warn that inventories, which previously buffered markets during earlier disruptions, are now insufficient to prevent economic strain.
Earlier in the conflict, strategic reserves helped stabilize prices, but current levels leave little margin for further shocks. The Strait of Hormuz, a critical chokepoint for crude exports, remains vulnerable to renewed blockades.
Markets have yet to react sharply, but analysts anticipate volatility if tensions escalate. Brent crude futures hovered near recent highs, reflecting underlying supply concerns.