Episode
Hormuz Blockade Didn't Crash Oil Prices
- Published
- Jun 8, 2026
- Duration seconds
- 99
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Summary
The world dodged a bullet when oil prices stayed below $100 a barrel despite the Strait of Hormuz being effectively blocked for months — a crisis that experts predicted would send prices soaring to $200. How? Record U.S. exports, a shocking drop in Chinese demand, some oil still slipping through the strait, and pre-existing global surpluses all helped cushion the blow. But the real story? Global inventories are plummeting, leaving the market dangerously tight — with 70-80 million barrels disappearing weekly. Resilience so far, but with no spare capacity left, even minor disruptions could trigger another price explosion. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/b04840e29063778b