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2026-05-25 17:56:49
[100 Million Barrels of Crude Oil About to Unlock, But Analysts Pour Cold Water: Three to Six Months of Growing Pain Inevitable] ⑴ The crude oil market is reacting positively to signs that the US and Iran are getting closer to an agreement. Traders expect that the approximately 100 million barrels of crude oil currently stranded on tankers near the Strait of Hormuz may be released relatively quickly, temporarily easing spot market supply and alleviating recent shortage concerns. ⑵ However, June Goh, senior analyst at Sparta Commodities, points out that the overall fundamentals have not changed. Even if the Strait of Hormuz reopens immediately, a full restoration of crude oil production and logistics networks may still take three to six months. ⑶ This means that until global Middle Eastern crude oil production fully recovers, the global market will have to continue consuming existing inventories. An agreement alone is insufficient to restore the global energy system to normal.
