๐Ÿšจ THIS IS MASSIVE.


Iran is literally running out of places to store its oil.
The US blockade of the Strait of Hormuz has left them with just 12 to 22 days of unused storage capacity, according to Bloomberg.
That means Iran will very likely be forced to slash another 1.5 MILLION BARRELS PER DAY of production in the coming weeks.
And hereโ€™s the kicker:
The vast majority of that Iranian crude was flowing straight to Asian buyersโ€ฆ who are already suffering through their worst energy crisis in modern history.
Asiaโ€™s pain is about to get exponentially worse.
Storage tanks full โ†’ production cuts โ†’ tighter global supply โ†’ higher oil prices.
This is not just an Iran story. This is a supply shock thatโ€™s about to slam straight into Asiaโ€™s already crumbling energy markets.
Watch $OIL and Asian equities.
This one is going to ripple hard.
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riyanconi
ยท 4h ago
Never get excited
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