Robin J Brooks (@robinjbrooks): "It takes an oil tanker between 2 and 4 days to go from the Persian Gulf to India, which is where the most severe shortfall exists. The spot Brent oil price (white) will be slower to fall than the futures price (orange), which is already tumbling. But it'll also fall quickly..."

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It takes an oil tanker between 2 and 4 days to go from the Persian Gulf to India, which is where the most severe shortfall exists. The spot Brent oil price (white) will be slower to fall than the futures price (orange), which is already tumbling. But it'll also fall quickly...

Robin J Brooks

Oil tanker traffic through the Strait of Hormuz is up. You don't see that in publicly available data like these from Bloomberg, because ships now transiting are travelling "dark." I'd say we're now at 12 mb/d out of the Persian Gulf versus 20 pre-war...

robinjbrooks.substack.com/p/the-blockade-of-the…

Apr 8

12:54 AM

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