Hormuz Crisis Sparks Global Oil Stockpile Concerns: Japan Urges Reopening with 254-Day Reserves, While Indonesia Clings to Just 20-23 Days
International, Sketsa.id – Amid the escalating U.S.-Israel conflict with Iran, the near-total shutdown of the Strait of Hormuz—a lifeline for about 20% of global oil supplies—has thrust world oil stockpiles into the spotlight. With hundreds of tankers stranded and Brent crude prices surging up to 13% to around $82 per barrel, nations are scrambling to […]