Global oil stockpiles could hit record lows if Strait of Hormuz remains closed
- Posted on May 16, 2026
- By CNBC
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- 1 min read
Global oil stockpiles could hit record lows if Strait of Hormuz remains closed
The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.
