🟥 Breaking:
Citibank warns that 900 million barrels of oil could disappear from global supplies—even if a ceasefire is reached 🔥
◀️ Citi analysts:
📌 Global crude and product inventories could drop by 900 million barrels even with a ceasefire extension
📌 An additional 400 million barrels may be drawn due to delays in production increases
📌 Global oil inventories are expected to fall to their lowest levels in 8 years by the end of June 2026
📌 Continued disruptions in the Strait of Hormuz for one more month could raise losses to around 1.3 billion barrels
📌 In this scenario, Brent crude could reach around $110 in Q2 2026 🛢
📌 Extending disruptions for two months could push losses to 1.7 billion barrels