# Hormuz Blockade Didn't Crash Oil Prices

Page: https://stenobird.com/podcast/canada-news-today-2-min-news-the-daily-news-now-7590263/hormuz-blockade-didn-t-crash-oil-prices
Text version: https://stenobird.com/podcast/canada-news-today-2-min-news-the-daily-news-now-7590263/hormuz-blockade-didn-t-crash-oil-prices.md
Podcast: [Canada News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/canada-news-today-2-min-news-the-daily-news-now-7590263)
Published: 2026-06-08T05:53:14+00:00
Episode link: https://api.fastcast.ai/audio/0abd7d2a-ba14-4510-b413-fac64fe902ee.mp3
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Duration seconds: 99

## Resource

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: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/b04840e29063778b

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