🚨 HORMUZ SHUTDOWN RISKS FUEL SUPPLY 🚨 CLOSING HORMUZ WOULD SEVERELY DISRUPT ABOUT 5M BARRELS PER DAY PASSING THROUGH IT. UNLIKE CRUDE OIL, THERE ARE NO MAJOR ALTERNATIVE PIPELINES FOR THESE PRODUCTS, AND STRATEGIC RESERVES ARE LIMITED OUTSIDE OECD EUROPE, JAPAN, AND SOUTH

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