The global oil market is facing the most serious challenges in modern history

▪️28 million barrels per day—global oil supplies that have already been halted or are at risk of being halted—according to the analytical firm The Kobeissi Letter (TKL)

▪️This is the result of a combination of three main factors:

— A 15 million barrel drop in daily oil shipments through the Strait of Hormuz

— The market will lose 9 million barrels per day in the event of a complete blockade of the Bab el-Mandeb Strait

— 4 million barrels per day are at risk due to the shutdown of the Saudi “East-West” oil pipeline

▪️Even taking into account the partial overlap of these routes, the scale of the potential disruption is enormous compared to the global oil market, where approximately 100 million barrels are traded daily, TKL emphasizes

#World #Economy #Oil #FindTruth

@uinhurricane✅