The Strait of Hormuz — carryin-To The Moon - Tiger Brokers Online Investing Community

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The Strait of Hormuz — carrying roughly 20% of global oil and LNG supply — is effectively shut. Goldman Sachs estimates the total hit to Persian Gulf flows at 17mb/d, a disruption 17 times larger than the peak April 2022 hit to Russian oil production.

# Oil Rollercoaster: Will Massive Reserve Release Offset Supply Shortage?

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