GLOBAL OIL RESERVE BUFFER IS GETTING THINNER🛢 The Iran crisis has forced the IEA to release 400 million barrels of emergency oil reserves — the largest release in history.
Notably:
More than 43% of global oil production comes from countries affected by conflict.Global oil reserves continue to be drawn down as Middle Eastern supply and refining operations face disruptions.As a result, the room to use strategic reserves to “support” the market is becoming increasingly limited.
If oil prices keep rising → transportation costs and inflation increase → making it even harder for the Fed to consider cutting interest rates anytime soon.Oil prices are no longer just an energy story — they now pose a direct threat to the global inflation outlook.
@BackcomGlobal
