Hormuz Closure Could Exhaust Oil Buffers, Morgan Stanley Warns
TL;DR Summary
Morgan Stanley warns that price-supporting crude buffers could be exhausted if the Strait of Hormuz remains closed into late June, potentially pushing Brent toward $150/bbl, while maintaining forecasts of about $110 for Dated Brent in Q2, $100 in Q3, and $90 in Q4 2026; Goldman Sachs also flags crashing oil inventories, underscoring ongoing supply risks as geopolitical tensions persist.
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