Oil Prices Near $95 Amid Depleted Reserves and Strait of Hormuz Risks
2026-07-23 20:59

Woofun AI notes that Jiang Zhuoer identifies the sustained rise in international oil prices as a critical "gray rhino" risk currently overlooked by the market. Brent crude has rebounded to near $95, with further increases deemed likely if the US and Iran fail to resolve conflicts or compromise on Strait of Hormuz passage. Jiang warns that continued transportation disruptions could yield disastrous consequences for the global economy. He highlights that global strategic petroleum reserves are significantly depleted, with total US crude oil inventories falling to their lowest level since 1984. A breach of the $100 mark could rapidly deteriorate market sentiment.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
Jiang Zhuoer
Odaily
Share:
back