PNN – The US multinational banking and financial services company announced regarding the continuing consequences of the aggression against Iran: Global oil inventories are approaching their lowest level since 2018.
According to the report of Pakistan News Network, Bloomberg announced in a report on Saturday, citing JP Morgan (US multinational banking and financial services company): Global oil inventories are approaching their lowest level since 2018.
Bloomberg, citing analysts, added: Jet fuel inventories in Europe are rapidly declining as the summer holidays approach and are expected to reach critical levels in June. Global oil reserves are falling due to the Iran war (US-Zionist aggression against Tehran) as the flow of crude from the Persian Gulf has been restricted by the closure of the Strait of Hormuz. According to estimates by financial services company Morgan Stanley, global oil inventories fell by about 4.8 million barrels per day between March 1 and April 25.