The Billion-Barrel Hormuz Oil Shock Is About to Crash Demand. A harsh adjustment is coming. A billion barrels of supply loss is already all-but guaranteed — more than double the emergency inventories that governments released. Global oil demand is on track to slump the most in five years this month.
Source: mafco
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As someone extremely tired and having issues I would like a good person to ELI5 what this means for the average person please.