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GasBuddy analyst Patrick De Haan has predicted that it would take more than a year and a half for countries to refill oil inventories if the Strait of Hormuz reopens following its closure amid the U.S., Israel and Iran war.
78 Weeks To Refill Oil Inventories
In a post on X on Monday, De Haan shared that it “loosely” takes a week for countries to refill oil inventories for every day the Strait of Hormuz remains closed.
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