If Hormuz Is Not Open By The 4th Of July

[NickB79]

9. I'm seeing talk of that by the 4th of June

https://www.businessinsider.com/oil-prices-market-supply-shortage-outlook-iran-war-crude-inventories-2026-5

HFI Research, an investment research firm with a focus on energy markets, said it sees the oil market hitting a major turning point in the first week of June. If the Strait of Hormuz remains closed through that time, oil markets will likely descend into "real panic," it said, suggesting that nations around the world could start panic-buying and hoarding oil as oil inventories hit rock bottom.

The scenario — which HFI said wasn't its base-case — is contrary to where most forecasters think the crude market is headed. The firm pointed to more optimistic oil forecasts about how the market would soon normalize, but those predictions are likely fueled by "psychological biases" in the oil market, it said.