Global Energy Reserves Shrink After Strait of Hormuz Blockade

The world has consumed nearly 1 billion barrels of oil from emergency reserves since the start of the conflict involving the United States, Israel, and Iran. The disruption of maritime shipping in the Strait of Hormuz has forced an accelerated use of these strategic stockpiles.

Data from Adnoc shows that diesel inventories in several regions have reached their lowest levels in 35 years. Meanwhile, the global liquefied natural gas market is facing a supply deficit estimated at 600 billion cubic feet.

Logistical costs for oil have undergone a drastic change. Maritime transport, which accounted for only 5% of the barrel price before the war, now makes up 30% of the final product cost.

Saudi Aramco reported that global commercial inventories hold a total volume of less than 6 billion barrels. A large portion of this amount is not immediately available for practical market use.

Brent crude continues to trade near 110 dollars per barrel. This figure represents an increase of approximately 50% compared to the levels observed in February, before the escalation of geopolitical tensions.