May. 6 at 9:18 PM
$TK Yes, a drawdown on oil stocks, combined with the reopening of the Strait of Hormuz, would likely increase shipping activity as markets rush to restock depleted inventories, according to S&P Global. While a reopening allows the resumption of roughly \(14.2\) million barrels per day of suspended supply, market volatility and efforts to rebuild global inventories will likely keep demand for tanker transport high.
