8legs: Socgen commodities team

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List of countries most in danger of running out of oil as US-Iran war rages on

Newest development: US-Iran conflict tightens control over Hormuz with fewer ships passing, signaling tighter global oil supply.
Myanmar could run out of oil in about a month if Hormuz remains restricted, per SocGen commodities team.
Vietnam faces similar risk, sourcing over 80 percent of oil via Hormuz, with potential shortages in a month if service doesn’t resume.
Philippines, Singapore, and Thailand each hold limited inventories, risking shortages as Hormuz traffic slows.
Forbes list expands on other at-risk countries including Taiwan, South Korea, China, India, Indonesia, and Japan.
US measures aim to temper price surges: Jones Act waiver and release of 172 million barrels from strategic reserves.
US sanctions relief is described as a short-term measure to stabilize global energy markets.
Iran launched missile attacks on Ras Laffan Industrial City, damaging a major gas facility in Qatar, raising price risks.
Analysts warn oil prices could rise globally as the conflict escalates.
Strait of Hormuz remains the focal point for energy security as the conflict unfolds.

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