How the U.S. blockade of Iranian ports could further erode oil inventories

The U.S. blockade of Iranian ports could ускорate the drawdown in global oil inventories, tightening near-term supply and delaying market normalization until mid-May, according to Société Générale. The move is negative for oil consumers and supportive for crude prices, with the main impact concentrated in energy and commodity markets.

Analysis

The U.S. blockade of Iranian ports could ускорate the drawdown in global oil inventories, tightening near-term supply and delaying market normalization until mid-May, according to Société Générale. The move is negative for oil consumers and supportive for crude prices, with the main impact concentrated in energy and commodity markets.